Sentences with phrase «adjusted by the market participant»

Not exact matches

On the inefficiency side, the outperformance is explained by market participants mispricing the value of these companies, which provides the excess return in the long run as the value adjusts.

So the market fails to be «rational» (in relation to pricing volatile stocks) not because major market participants are irrational, but rather because they are rationally pursuing a goal other than maximization of risk - adjusted return — namely, the goal of keeping their jobs by not lagging the benchmark.

The Third Adjustment for Banked Allowances, would adjust the base budget for 100 percent of the pre-2021 vintage allowances held by market participants as of the end of 2020, that are in excess of the total quantity of 2018, 2019, and 2020 emissions.