Stocks Returns Investment Analysis Essay Example | Topics and Well Written Essays - 1000 words

Stocks Returns Investment Analysis - Essay Example The value of R-square suggests that all variable have explained the excess returns of MYR by 47.22% which is a moderate percentage. If the intercept of the equation is analyzed, it can be observed that it is insignificant because p-valued computed is higher than the critical value of the 0.05 level of significance. Excess marker return is the best predictor among the three variables, so that it has predicted a beta coefficient of 1.7, which means that the stock is quite risky as it 0.7 time more than that of the market. However, SMB and HML did not effectively predict the excess returns of MYR.The model fit of TAH reflects that it is not quite good as hardly 14% of the stock return is explained by the model. Another interesting thing that can be noticed is that all the three variables of the Three Factor Model are unable to predict the excess returns of TAH as all of them having p-values higher than the critical values of 0.05 which is the significant level. Hence, the excess return of the TAH is found to be independent of the Three Factor Model.If the model fit of BHP is observed, it can inferred that the overall model fit is quite strong as it presents that around 77% of excess returns of BHP are explained by the Three Factor Model. If individual factors are analyzed, it can be noticed that intercept remained insignificant due to higher p-value statistics. EMR has come out as the best predictor indicating a beta coefficient of 1.38, which reflects that the stock is 38% more risky than the market.

Case study Essay Example | Topics and Well Written Essays - 250 words - 44

Case study - Essay Example An imbalance in global trade also created challenges in the container carriers (New Bioactive Alkyl Sulfates from Mediterranean Tunicates, 2012). The strategies Meli Marine used for competing included increasing competitive intensity this was by container carriers supporting prices. For instance, if demand for containers went down, then vessels could be activated, so that fixed costs could be minimized. Another strategy was to have bigger cascading and ships this was to reduce the cost, and to increase the resulting profits. Having larger ships could result in a â€Å"cascading effect†. The final strategy was overcapacity threat. In the early years, overcapacity was an issue, but later it was implemented as the industries added capacity, faster than global trade could absorb it (New Bioactive Alkyl Sulfates from Mediterranean Tunicates 2012). Other key competitors performed differently from Meli Marine the likes of Evergreen Marine. It was leading to the market capacity with more TEUs than those of Meli Marine. The evergreen was recognized as being the best shipping line for several years. Wan Hai Lines was concerned with diversifying its client’s base and becoming a world carrier. It operated its terminals and competed in a container and vessel leasing. Yang Ming Marine managed the vessel and container leasing, logistic unit and also had its terminal (New Bioactive Alkyl Sulfates from Mediterranean Tunicates, 2012). David Tian being the new CEO was to make several changes and more improvements to ensure Meli Marine competed effectively with its competitors. It was by ensuring that he increased they also owned their operational terminal, and they also operated container and vessel leasing, and he was also to ensure that they held a logic unit. All this could place the industry in a good position to compete with the others (New Bioactive Alkyl Sulfates from Mediterranean Tunicates,

Eriksons stage of evelopemnt (Ego Integrity vs Despair) Article

Eriksons stage of evelopemnt (Ego Integrity vs Despair) - Article Example This psychosocial stage has specific characteristics that explain late adulthood behavior. According to Erickson’s theory, the ego integrity versus despair is a crisis that involves deepened mental engagements (Carducci, 2006). The individual in this stage reflects on the past. They consider the impacts of the decisions they made during the earlier stages of development. The ego of an individual develops when the individuals reflect of the choices they made earlier in their development (Newman, 2012). Ego integrity occurs when the individual reflects on the past decisions of earlier developmental stages as pleasant. In this case, the individual celebrates his/her life through the mentorships and developments they have accomplished to other people. Ego integrity is therefore pleasurable (Carducci, 2006). The individuals perceive their lives as complete. In the case of the deceased client, ego integrity is unattainable to him. Reflection of his life shows sadness and misfortune through the sicknesses within his family, and also his unfulfilled career. In despair, the individual reflects on the life they have lived and they experience a sense of incompleteness (Newman, 2012). The failures in achievement tend to dominate their thoughts and reflections during this stage of their life. They realize that time has lapsed and they lack control to many situations (Newman, 2012). Therefore, their thoughts are directed towards what cannot be modified and rectified in their old age. Consequently, the individual manifests feelings of anger and intense bitterness (Fry, 1989). The case client in the nursing home may be suffering from despair. He might not have the wisdom to negotiate through the crisis. This case client will undergo despair due to the incomplete feeling upon the reflection of his

Rock-n-roll and the use of drugs in the period between 1955 and 1966 Essay

Rock-n-roll and the use of drugs in the period between 1955 and 1966 - Essay Example As the counterculture began to emerge, however, an associated interest with mind altering drugs began to be a part of the experience. While the era of drug use and free thinking is often thought of as the 1960s, the counterculture began much earlier, stemming from the gravitation of certain individuals to jazz and folk music which was often expressed by those who were calling themselves beatniks and bohemians. The period of time between 1955 and 1966 were pivotal, however, as the course of social change also saw changes in the way in which intellectualism was pursued, leading to the heavier use of drugs during that time period. In 1966, Grace Slick wrote one of the more iconic songs that projected the connection between literacy, rock and roll, and the drug culture. Referencing Lewis Carroll’s Alice in Wonderland she wrote â€Å"One pill makes you larger/One pill makes you small/ And the ones that mother gives you/Don’t do anything at all/Go ask Alice/When she’s ten feet tall† (Farber, 2007, p. 62). At the same time, there has been a struggle between embracing the effects of drug use and the consequences of indulging in drugs with too much intensity. Rock and roll lifestyles are both filled with the hedonism of sex and drugs and written to reflect the spiral downward that is taken through the ’looking glass’ when drug abuse takes over one’s life. One of the more famous quotes about drug use and the early years of rock and roll came from David Crosby who said â€Å"if you can remember the 60s, you weren’t there†, intimating the close connection between the use of drugs, forgetfulness during use and the revolutions of the 1960s which included a high level of drug use (Farber, 2007, p. 63). ... 63). Drug abuse and alcoholism as it was connected to musicians did not begin in the 1960s. Where there are high levels of artistic emotions combined with the pressures of success, drug use and alcohol abuse were often involved. However, cultural groups that specifically aligned themselves with the use of drugs was a relatively new phenomenon in the 1950s. The type of groups that were defined by a sort of intellectualism that was following some of the great writers of the time, as well as following paths towards hedonism and self indulgences were ’beatniks’ and ’bohemians’ of the 1950s. The music of jazz and folk music, two genres that helped to form the structures of rock and roll, were a type of music that drew people towards it that often indulged in drug use. According to Weinstein (1999), â€Å"the initial sparks were struck in the 1940s that set the counterculture ablaze with drugs in the 1960s† (p. 169). When Ardous Huxley wrote Doors of Perc eption in 1954, the counterculture was motivated to seek the perfect high, that state in which transcendence had occurred in which the promise of drug use was finally fulfilled. Seeking to fulfill some sort of intellectual imperative, the book written by Huxley gave a framework of understanding about the nature of mind altering drug use and the advantages of what one can learn from having taken mind altering drugs. Huxley (2009) describes what Spanish conquerors saw when they encountered Native Americans. He states â€Å"they eat a root which they call peyote, and which they venerate as though tit was a deity†(p. 9). The book became centering piece of pop culture from which the pursuit of the ultimate spiritual experience was sought after which included high

Apple's Suicide Factory Outsourcing Case Study Example | Topics and Well Written Essays - 1500 words

Apple's Suicide Factory Outsourcing - Case Study Example Apple Inc. has a widespread global distribution network terminals in every continent. Company’s products are sold through online stores, retail stores, direct sales force, and dealers. There are three hundred and thirty two Apple Inc. stores in the United States of America, United Kingdom, France, Australia, Canada, China, Japan, Italy, Germany, The Netherlands, Switzerland, and Spain. The supply chain management at Apple Inc Supply chain management involves setting up of objectives, designing and implementing strategies to achieve the objectives as well as monitoring and evaluating all the processes and activities. The activities in the supply chain including but not limited to material sourcing and procurement, conversion of raw materials, the collaboration between the company and channel partners; transportation of raw materials from producers to factory and transportation of finished products from the factory to the consumers. An effective supply chain achieves high sales and profits. Apple Inc. is the company to reckon. This is because it has the most reliable and profitable supply chain. The supply chain meets customers’ needs on time. Furthermore, in its manufacturing process, it delays competitors’ products from reaching the market. Goldman (2011) revealed that competitors of the company are being delayed from manufacturing their products because Apple Inc. contracted the world largest suppliers, who give Apple Inc. products a priority. This makes the company confident in its supply. The type of Apple’s Inc. supply chain is the dominant company. The company practice vertical integration in its manufacturing process, which enables the company to outsource several of its components. However, the company controls the software, hardware, and processors. Apple Inc. uses its large size and vast resources to obtain deals with component producers and makes sure that the company’s component is made available to the company at a ll times. Furthermore, in its supply chain, Apple Inc. sells few products. However, it sells many other common parts to all its gadgets. This makes Apple Inc. supply chain the most perfected. In Singapore, Samsung makes central processing units, video processing chips while Infineon makes baseband communication gadgets. In Taiwan, there are six companies. Foxconn International manufactures internal circuitry; Primax Electronics makes digital camera modules; Omicron Technology produces printed circuit boards; Entry Industrial makes connectors; Cambridge Silicon makes Bluetooth chipsets, and Catcher Technology makes stainless metal casings. Figure 1: Apple’s Supply Chain Map Apple Supply Chain Singapore Taiwan the United States-China Source: Abilla (2007) In the United States of America, Broadcom produces touch screen controllers and Marvell manufactures 802.11 specific parts. Apple Shenzhen in China assembles all hardware, package the readymade and store products as they await dispatch to various global markets.

Marketing channel proposal for bank of America Essay

Marketing channel proposal for bank of America - Essay Example This research will begin with the statement that marketing channels are important to a firm’s distribution objectives. The first is specialization and the second is contractual efficiency. The principle of specialization refers to the assignment of distribution tasks to firms that possess the necessary expertise. The paper presents the opening a 200 branch retail network embedded within the BS network. The marketing channel has two important parts: the physical distribution structure that moves a product from the manufacturer to the consumer or user and the consequent marketing structure that is established as a part of the channel of distribution to ensure the manufacturer that all marketing objectives are accomplished. The primary marketing objective of Bank of America is to profitably reach as many potential consumers of their products as soon as possible. The bank branch remains a viable and important delivery channel for retail banking customers and is the primary locatio n for new product sales. The Bank of America still expresses a need for the traditional bank branch. The advantages of a retail bank branch are security, branch business productivity and continuity, financial transactions, risk management, compliance with new regulations and preserving customer trust by building customer trust. Moreover, a bank branch can implement multiple sales promotions the whole year through sales contests and incentives; and special promotional deals (e.g., discounts offered during a specified period of time). Pull promotions are directed at end-use customers and are designed to encourage them to request a product from channel members such as wholesalers, retailers, or both. OPTION II. Utilising an internet only channel for its current account product. An internet only channel is an electronic marketing channel which enables clients to use banking and other financial services by employing various information technologies with no need for a direct contact with a bank clerk. This electronic banking is faster, better and cheaper.Bank of America can build a whole marketing strategy around high technology and quality. The issue of quality is a goal and a bond among all corporate functions. To exploit commitment opportunities, the bank can preempt its competitors. The business, however, has to be especially wary of environmental changes that can erode the value of its early investments. Size is beneficial only when there are compelling advantages to being large, such as economies of scale, scope, or experience. Advantages through preferred access to resources, information, or customers can give a business a sustainable advantage that is independent of Bank of America will inform their clients of the time schedule within which they can order individual services and the time of execution of orders for each individual state-of-the-art electronic marketing channel. Consequently, there will be trade-offs. Greater convenience increases security risks, and greater complexity reduces convenience. OPTION III. Adoption of the current MBNA model which focuses on the telephone as the core channel for its credit card, loans and insurance services. The challenge for banks is to create value and to retain control over their customers. Telephone service is crucial for banks. Telephone service enables wire transfers, automated clearing house transactions, automated teller machine transactions and inquiries, remote processing, and teller terminals located in branches but connected to an off-site host computer. It also fosters the numerous bank functions that rely on voice connections. However, the telephone as a core service and marketing channel for the bank suffers from specific weaknesses. One, when there is no electricity, there is no telephone service. Second, telephone outages which result from natural disasters can cut off bank transactions for a given period of time. In order to improve customer service, the bank can offer

Economics for Business Coursework Example | Topics and Well Written Essays - 1500 words

Economics for Business - Coursework Example To find it, divide the total revenue (TR) by the quantity of production (Q). Average Revenue (AR) divided by per unit cost of output AR= TR/Q (Q) (TR) (AR) 0 0 0 1 27 27 2 53 26.5 3 78 26 4 102 25.5 5 125 25 6 147 24.5 7 168 24 8 188 23.5 9 207 23 10 225 22.5 Marginal revenue is the additional revenue that results from increasing from increasing output by one unit. This means the additional revenue per additional unit of output. This is the difference between total revenue per every additional unit of output. The marginal revenue is abbreviated using (Z) (Q) (TR) (Z) 0 0 0 1 27 27 2 53 26 3 78 25 4 102 24 5 125 23 6 147 22 7 168 21 8 188 20 9 207 19 10 225 18 b) Graph of average cost and marginal cost verse units per out put Red – Marginal cost Blue – average cost Graph of average revenue and marginal revenue verse units per out put Red – Marginal cost Blue – average cost C) Profit is obtained by subtracting the total revenue from the total costs at the ma ximum is at five units per put 625- 250 = 375 d)The economic profit for the company is positive, then the firms decision are optimal. That is, its price and output yield a profit larger than any alternatives prices that output. The type of market that this firm is operating on is oligopoly (BBC Economy tracke, 2010). Oligopoly prices are expected to be more stable that those in a monopolistically competitive market. This is evident in the graph that results in long run oligopoly market equilibrium of a Price/output solution that is identical to that of a competitive market. 2) a) Economic factors that led to the most recent recession of 2008/2009 include Main causes if recession Credit crunch in U.K – the U.K mortgage lending caused very serious problems for the Northern Rock. It had a high percentage of risky loans. When the subprime crisis hit, the Northern Rock could no longer raise enough funds for the usual capital market. It had to borrow emergency funds from the Bank o f England. As a result of the credit crunch, the U.K saw a change in the mortgage market. The mortgage started to become expensive. Falling of house prices in the U.K - since getting mortgages became difficult, the demand for houses started to fall. This was also related credit crunch. Cost push inflation restricting income and reducing disposable income. The fall in confidence of the financial sector that caused lower confidence amongst real economy. Supply side shock – in this case higher oil prices would increase cost of production and the effect would lead to a short run aggregate supply to shift to the left. Demand slide shock: the factors include higher interest rates which lead to a reduction in investment and borrowing. The fall of real wages, the reduction of consumer confidence, a period of deflation as falling of prices often encourage the delay of spending. b) Comparison to the other two recession The 1979- 1981 recession was caused by the following economic facto rs: High strength of the pound (British currency) and this made the price of exports became more expensive thereby having a reduced AD (Aggregate Demand). This recession particularly affected the British manufacturing (Bank of England, 2012). The high interest rate was another factor. The