Sentences with phrase «tail risk from»

Compressed valuations in agency mortgage - backed securities and the tail risk from the uncertain impact of Fed balance sheet normalization keep us neutral on the asset class.

But we expect to be in a better place by mid 2013, as BofAML economists expect a bottoming in China growth, reduced tail risk from Europe, and a multi-stage fix to the Fiscal Cliff.»

Not exact matches

Actual results may vary materially from those expressed or implied by forward - looking statements based on a number of factors, including, without limitation: (1) risks related to the consummation of the Merger, including the risks that (a) the Merger may not be consummated within the anticipated time period, or at all, (b) the parties may fail to obtain shareholder approval of the Merger Agreement, (c) the parties may fail to secure the termination or expiration of any waiting period applicable under the HSR Act, (d) other conditions to the consummation of the Merger under the Merger Agreement may not be satisfied, (e) all or part of Arby's financing may not become available, and (f) the significant limitations on remedies contained in the Merger Agreement may limit or entirely prevent BWW from specifically enforcing Arby's obligations under the Merger Agreement or recovering damages for any breach by Arby's; (2) the effects that any termination of the Merger Agreement may have on BWW or its business, including the risks that (a) BWW's stock price may decline significantly if the Merger is not completed, (b) the Merger Agreement may be terminated in circumstances requiring BWW to pay Arby's a termination fee of $ 74 million, or (c) the circumstances of the termination, including the possible imposition of a 12 - month tail period during which the termination fee could be payable upon certain subsequent transactions, may have a chilling effect on alternatives to the Merger; (3) the effects that the announcement or pendency of the Merger may have on BWW and its business, including the risks that as a result (a) BWW's business, operating results or stock price may suffer, (b) BWW's current plans and operations may be disrupted, (c) BWW's ability to retain or recruit key employees may be adversely affected, (d) BWW's business relationships (including, customers, franchisees and suppliers) may be adversely affected, or (e) BWW's management's or employees» attention may be diverted from other important matters; (4) the effect of limitations that the Merger Agreement places on BWW's ability to operate its business, return capital to shareholders or engage in alternative transactions; (5) the nature, cost and outcome of pending and future litigation and other legal proceedings, including any such proceedings related to the Merger and instituted against BWW and others; (6) the risk that the Merger and related transactions may involve unexpected costs, liabilities or delays; (7) other economic, business, competitive, legal, regulatory, and / or tax factors; and (8) other factors described under the heading «Risk Factors» in Part I, Item 1A of BWW's Annual Report on Form 10 - K for the fiscal year ended December 25, 2016, as updated or supplemented by subsequent reports that BWW has filed or files with the risk that the Merger and related transactions may involve unexpected costs, liabilities or delays; (7) other economic, business, competitive, legal, regulatory, and / or tax factors; and (8) other factors described under the heading «Risk Factors» in Part I, Item 1A of BWW's Annual Report on Form 10 - K for the fiscal year ended December 25, 2016, as updated or supplemented by subsequent reports that BWW has filed or files with the Risk Factors» in Part I, Item 1A of BWW's Annual Report on Form 10 - K for the fiscal year ended December 25, 2016, as updated or supplemented by subsequent reports that BWW has filed or files with the SEC.

«The use of the value - at - risk models which made no sense from my judgment because they cut off the tail» David Einhorn

As you can see from the chart, the additional risk reducing benefit of diversification tails off as we add ever more securities to a home market portfolio.

Showy ornaments used by the male of the species in competition for mates, such as the long tail of a peacock or shaggy mane of a lion, could indicate a species» risk of decline in a changing climate, according to a new study from Queen Mary University of London (QMUL).

The fuse is there to protect items from getting too much juice, so increasing the fuse rating to allow for a brighter headlight will also mean that other items (possibly your horn, blinkers, tail / brake light etc.) at greater risk of overload as well.

The authors find that the buy — write strategies» risk - adjusted performance was earned from a combination of a skewness premium, paid to the option writers for assuming the tail risk of potentially unlimited loss, and the reduction in volatility from the hedge of the buy - and - hold security's beta exposure.

The improvement in return results from the skewness premium received by the option writer in exchange for assuming large negative tail risk, which is a function of the preference - for - lottery hypothesis, likely a foundation of the low - volatility anomaly.

Spitznagel is a specialist in tail risk, and so the most intriguing part of Spitznagel's papers is his demonstration of the utility of the equity q ratio in identifying «susceptibility to shifts from any extreme consensus» because «such shifts of extreme consensus are naturally among the predominant mechanics of stock market crashes.»

The 22 August 2011 article Saving your portfolio's tail — at a price contrasts James Montier view on not buying expensive tail risk insurance to that of Diversified Global Asset management, a Canadian fund manager that successfully used tail risk insurance to hedge his portfolio from the volatility in early August 2011.

Many also learns from his mentor how to do his own dewclaws and tails, eliminating the risk of pups getting ill and stressed at the vet's office and also ensuring his tails are the proper length for the breed.

A prophylactic tail docking suggests that it is undertaken for the necessary protection of the dog from risk of disease or injury which is likely to arise in the future resulting from the retention of the entire tail.

TAILS Through our Transporting Animals Into Loving Situations (TAILS) program, annually, we rescue nearly 2,500 cats and dogs in need from high - risk animal shelters near and far.

At the risk of sounding really, really corny, if I am judging this new product based on a shiny coat and waggier tail, I think my dog has made the decision for me on what brand she's going to be on from now on!

Sure, it's funny to throw a blue shell up Bowser's tail pipe and fly from fourth to first in a matter of seconds in Mario Kart, but the payoff of melee attacks combined with the risk of being in close proximity to fellow racers makes the combat in Iridium Runners different and refreshing.

«To put the significance of this fat tail in perspective, the «probability distribution representing the uncertainty in expected climate change implies that the risk of catastrophic outcome is more than forty thousand times more probable than that from an asteroid collision with the earth»

In very short form (recognizing that I will write somewhat loosely for purposes of brevity in this setting), Weitzman's central claim is that the probability distribution of potential losses from global warming is «fat - tailed», or includes high enough odds of very large amounts of warming (200C or more) to justify taking expensive action now to avoid these low probability / high severity risks.

Thus, a driver who is stuck in a nose - to - tail traffic jam but is stationary, will nevertheless be regarded as «in the course of driving» and thus «driving» It is hard to imagine what the risk of danger there is, in this situation, from a vehicle that is not moving.