...Case Study Assignment: Alex Sharpe's Portfolio 1. Estimate and compare the returns and variability (i.e. annual standard deviation over the past five years) of Reynolds and Hasbro with that of the S&P 500 Index. Which stock appears to be riskiest? | S&P 500 | REYNOLDS | HASBRO | Annualized Expected Return | 6.892% | 22.498% | 14.206% | Annualized Standard Deviation | 12.477% | 32.446% | 28.114% | Reynolds seems riskier than Hasbro due to its higher percentage of standard deviation. 2. Suppose Sharpe’s position had been 99% of equity funds invested in the S&P 500 and either 1% in Reynolds or one per cent in Hasbro. Estimate the resulting portfolio position. How does each stock affect the variability of the equity investment? How does this relate to your answer in question 1 above? * - Scenario 1: = SP500 (99%) * Reynolds (1%) * = (.99) x (.689) + (.01) x (.2249) * = 0.06823 + 0.00224 = 0.07047 * = 7.05% * Standard Deviation = 12.3638% * * * - Scenario 2: = HASBRO (1%) SP500 (99%) = (.01) x (.1421) + (.99) (.689) ...
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...E Summit Street Kent, Ohio 44240 February 1, 2007 Ms. Alex Sharpe Rhodes Rd Columbus, Ohio 43201 Dear Ms. Shape: I’m writing to give you some recommendations on your investment strategy on behalf of the College of Business Administration of Kent State University. From the information that you provided to us, I found that you want to pursue a more active investment strategy by adding stocks to your current equity portfolio in the Vanguard 500 Index Fund. And you are interested in the Hasbro and Reynolds. So I have done some analysis on the possible combination of these stocks. First, I did a summary statistics of the three assets base on the latest five years’ worth of monthly returns for Vanguard S&P 500 Index Fund, R.J. Reynolds and Hasbro. Among those return data, the Vanguard has a maximum return of 34.46% and a minimum return of -10.14. The Reynolds has a maximum return of 112.49 and a minimum return of -31.48. The Hasbro has a maximum return of 71.03 and a minimum return of -15.36. The result turns out that the Reynolds has the highest average return as 1.87% with a highest stand-alone risk measured by the standard deviation which is 8.116, while the Vanguard has the lowest average return as 0.57% with a lowest standard deviation 3.602 which means the lowest stand-alone risk. The sum of the five years’ returns for Vanguard is 34.46%, 112.49% for Reynolds, and 71.03% for Hasbro. So we can see that Reynolds has higher return together with a higher...
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...good of society. The first and last chapters place Alex in more or less the same physical situation but his ability to exercise free will leads him to diametrically opposite choicesgood versus evil. The phrase, "what's it going to be then, eh?," echoes throughout the book; only at the end of the novel is the moral metamorphosis complete and Alex is finally able to answer the question, and by doing so affirms his freedom of choice. The capacity to choose freely is the attribute that distinguishes humans from robots; thus the possibility of true and heartfelt redemption remains open even to the most hardened criminal. A Clockwork Orange is a parable that reflects the Christian concept of sin followed by redemption. Alex's final and free choice of the good, by leaving behind the violence he had embraced in his youth, brings him to a higher moral level than the forced docility of his conditioning, which severed his ability to choose and grow up. The question, "what's it going to be then, eh," is asked at the beginning of each section of the novel. In the first and third part it is asked by Alex, but in the second part it is asked by the prison chaplain. The answer does not come until the end of the novel when Alex grows up and exercises his ability to choose. He progresses to become a responsible and discriminating individual, escaping the clockwork that binds the rest of society. A Clockwork Orange opens with Alex and his buddies outside the Korova Milkbar deciding...
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...As strange as it may be, it is a fact that people are drawn into the feeling of psychological fear so it is no surprise that this film will keep you hooked right from the start. Audience members are enticed to feel a sense of bitterness and rage towards Alexs’ character and the lack of empathy is continued on throughout the film, even when his violent fits are put to a stop. Although you would not assume that the government would play a major role in a movie such as A Clockwork Orange, the officials of the London dystopia prove themselves as pure evil and some of their actions even leave you feeling a bit of sympathy for the young boy, Alex. As the crimes that Alex had been committing grew more severe, he had truly drew the line when a home invasion quickly turned into an act of homicide. Confined in a prison for fourteen years, it is not long before Alex finds himself as the target of police brutality as a result of his evil doings. The cruelty and punishment soon becomes too much and Alex begins pleading officers to become the subject of a new experiment called The Ludovico Technique. The Ludovico...
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...the first impression of the main character, Alex, in A Clockwork Orange. Alex is the leader of a gang of terrorists. The four men in the group seem to get off on a good time raping women, stealing, and beating on innocent people. They all seem to work together in collaboration to portray chaos, but Alex is the worst of them all. Alex treats his other three members as if they are below him and he is the tyrant of them all. Alex seemed to have one weakness: classical music. Classical music is the powerful back ground to most of the movie, and the actions seem to sync with the music dramatically. This gang was used to routine. Their routine was to go to the milk bar and scope out who they plan to assault next. They would go door to door begging for help as if one of them got hurt, and then force their entry. A writer and his wife were the first victim of the gang and were completely helpless to Alex’s mastermind. They raped his wife as the husband was forced to watch helplessly. They were able to get away on were just looking forward to the next occurrence. The woman of their next plot was a lot cleverer and did not fall for the boy’s begging at the door act. She implied that she was not comfortable letting a stranger in, but the determination of evil that ran in the boy’s mind did not let them give up. Alex simply broke into the home and got into a fight with the woman when she tried to resist. This brawl led to Alex murdering the woman. The other three members...
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...To what extent does the reading of ‘A Clockwork Orange’ and ‘Lolita’ force the reader to question their own moral values? Both ‘A Clockwork Orange’ and ‘Lolita’ are written in 1st person from the perspective of the protagonists, Humbert Humbert and Alex, who are both despicable characters in different ways. The novels are settings of the novels are completely different, ‘A Clockwork Orange’ set in a dreary futuristic world and ‘Lolita’ set (mainly) in 1940s-50s America and revolve around two completely opposite, yet disgraceful people. That said both of the books somehow make the reader question the characters wrong doing. In both of the novels the reader is shielded, through manipulation of language, from the true horror of what is happening in the narrative. In ‘A Clockwork Orange’ it is (especially when first reading the novel) sometimes quite hard to fully grasp what Alex is saying in the unusual ‘Nadsat’ slang he uses. When he is wanting ‘A lashing of ultraviolence’ and describes his ‘plunging’ and ‘creeching’ the reader grasps enough to know what it going on as (including the example shown) many of the slang words used, derive from or are the similar to the words which we would use in our society. What is happening therefore, because it isn’t explicitly written, is easier for the reader to not be as shocked or offended by what they’re reading. In ‘Lolita’ Humbert uses such a beautiful language and style to express his story of (in his words) ‘Lolita, light of my life...
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...Genre: Novel Author: Anthony Burgess Setting: Alex home/room. Time: Futuristic Language: His language reveals his age, there is no doubt that he is a teenager. He has made up a lot of words himself. Narrator/Main charachter: Alex, fifteen-year old boy, First person narrator. This way we get to read what Alex feels and thinks. He ditches school. Fallible or infallible?: Betyder: Fejbarlig og infejlbarlig. Is he trustworthy/reliable or not? Most of the short stories we read, has a infallible narrator. (usually a 1st person narrator). His parents?: His mother works in the supermarket, low paid job. His farther is a manufactorer. Working class. What happens?: On page 149 P.R Deltoid visits Alex, P.R Deltoid is his Post-Corrective Adviser. Alex needs to behave well, or else he will be sent to prison. Alex has been in a fight, and it turns out that someone was hurt. Think about it this way - If an adult is involved, it must have been serious. On page 151, P.R Deltoid says “Did i make myself clear?” “clear as a unmuddied lake, sir”. What is "bad self" according to Alex?: People are good because they choose to be good. Alex says that he likes to be bad tho. But he also says "God either made you good, or he made you bad" There is nothing in between. How is modern youth?: Lack of parental discipline, wild. The Society: A Clockwork Orange takes place in a futuristic city governed by a repressive, totalitarian super-State. In this society, ordinary...
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...teen as he grows older and his life changes. Part one, Alex is a troubled teen causing ciaos in his town with his goons, known as “Droogs”. They are a menace to society and satisfaction is brought to them by fighting, using drugs, and violating women. Part two differs from part one because one saw Alex incarcerated which causing a violent change to him because he is the first to be tested in a new treatment to change his lawless behaviors. Lastly, in part three a new side of Alex presents itself. He shows emotion unlike anything seen before in the novel. These three parts of the book show this progression in Alex be goes through the stages of...
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...A Clockwork Orange by Anthony Burgess, written in 1962, is a shocking view of dystopian life featuring a subculture of extreme youth violence. Set in a near future English society, the novel may is often seen in part as an attack on communism (a prevalent issue of the time), given the novel’s extremely negative portrayal of a government that seeks to solve social problems by removing freedom of choice. The novel is comprised of the first-person account of a juvenile delinquent named Alex who, in place of jail-time, voluntarily undergoes state-supported psychological rehabilitation for his evil behavior that will brainwash him into being physically sick if he even thinks about committing a crime. “You are to be made into a good boy, 6655321. Never again will you have the desire to...
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...perfect, but it was 100% effective in terms of giving me the creeps. It's such a thrilling, suspenseful page turner that left me with a few goosebumps along the way. Gillian Flynn has a knack for creating messed up characters, and she does it so well that I believe every word! I did see the movie adaptation, and I thought it was so good! The actress that played one of the characters here was great, and I highly, highly recommend everybody to watch it, even if you're not interested in reading the book. But the book... always read the book first ;) Next up is a classic disturbing book! A Clockwork Orange has Alex, who is one of the most memorable characters ever. He will forever be stuck in my mind. Such a well-structured and engaging story! I do have to admit though that there's something extra special and extra disturbing about the movie adaptation. The actor that plays Alex just truly captures everything about the character, and I love everything about the movie. Such a classic film, and something I wish everyone would watch at least once. Such memorable characters in here. And some of the most memorable scenes as well. If you're looking for a Stephen King book to read, check this out. It's very different from his other novels, and it's what made me appreciate King as an imaginative author. I do have to mention the movie, as Kathy Bates was incredible in it. This list can not exist without this book. Some of the events that are told in this book have been some of the most agonizing...
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...adult man, Alex DeLarge. Alex leads a gang of other young adult men in London. The gang goes around the city and commits terrible acts of violence and sexual crimes with no remorse. Alex and his gang of droogs attack an old homeless man, drive dangerously through the country side, and attack an old man and his wife at their home. One night, Alex and his gang break into a woman’s house and he attacks her with a statue. He tries to flee the scene once he hears the police, but his gang turns on him and knocks him unconscious. Alex is convicted of murdering the old lady and is sentenced to 14 years of imprisonment. While imprisoned, Alex says he doesn’t want to be evil anymore and wants to be changed into a good person. He is selected to be a participant in a new experiment to treat him of his bad behavior. Alex is strapped into a chair and forced to watch movies that depict violence and sexual assault. While he is watching the movies he is given a drug to make him nauseous and sick. Once the doctors prove that the treatment has worked on Alex, he is released to be a free man. Alex is beaten by police officers who use to be a part of his old gang. He manages to escape and finds his way to the house of the old man and woman he assaulted from before. The old man finally realizes Alex was the one who raped his wife so he locked him in a room and played a song that made Alex extremely sick. Alex tried to kill himself by jumping out of a window but was unsuccessful. When Alex wakes up...
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...While watching the film Eight Days, produced by Jaco Booyens, my perspective on life forever changed. Eight Days is a documentary about Amber, a teenage girl who sneaks out to attend a party with her friends, she is given alcohol and is kidnapped, raped and is forced into the world of human sex trafficking. Amber finds herself in the middle of a human sex trafficking business for eight perplexing days. Jaco Booyens film brings to light the many horrific unknown parts to the human sex trafficking operation that go unnoticed every day. Booyens does an extraordinary job introducing the characters very quickly so that there is an immediate connection with the girls. The film left me in astonishment that this could happen to someone of my same...
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...• Level 2: Conventional Reasoning; Stage 4: Social System Morality o Alex is in this level of moral development because he says it wasn’t okay to steal the drugs for the man’s dying wife. He believes it is not okay to disobey the law under any circumstances. Even though the wife was very sick and needed the medicine to survive, it was still not okay. o Alex answers the question by saying no it was not okay for the man to steal the drugs and that he should’ve found another alternative way by raising money or asking an organization for money help. Even Older Gentleman (White Hair/beard) • Level 3: Post-Conventional Reasoning; Stages 4/5: Community Rights vs Individual Rights/ Universal Ethical Principles o He is in this stage of moral development because he states how that if everyone lived by their own rules/rights then we would live in a very hectic society. o...
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...BOISE STATE UNIVERSITY Fidelity Growth Company Performance Evaluation Brad Christopherson 11/16/2011 Fidelity Growth Company is a fund that is categorized as a large growth fund. This report will discuss the fund as a whole and compare it to its category. The core of the fund is made up of big US companies like Apple and Google and some lesser known companies like salesforce.com and Red Hat. The key to this is to find stocks with good growth prospects while maintaining large growth companies that can maintain their growth. “Manager Steve Wymer looks for firms with good growth prospects relative to their valuations. He keeps the Lion’s (majority) share of assets in high-growth stocks from the health-care and technology sectors, but he also makes room for a small crop of turnaround plays” (Davis) . This fund is to be a core asset in an investor’s portfolio. This fund is for investors that want a higher return and are willing to take on more risk. The fund is targeted for a large range of late 20 to early 50 year old investors that tend to want a higher risk and return in their portfolio. The fund can be held for a long time. The fund does not have a load and at an expense ratio of .89% ("Fidelity Growth Company") the fund can easily be for a short or long term investor. The fund focuses on industries that are more volatile with high growth like technology and health care. This paper will break down the fund and compare it to a large growth category and...
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...Are you a Marksman Trader? Use Sharpe ratio to know A marksman is a person who is skilled in shooting at a mark with great precision. They are trained hard to shoot at a target at various distances under variable environmental conditions with deadly accuracy. They are consistent shooters. Likewise, in trading, you can see for yourself if you are a precision trader. You would use a Sharpe ratio. Most traders fail to use this performance metric to their advantage. The main reason is that when anyone Google for explanation would only find a vague, mathematical jargon. The formula is: (Rp-Rf)/p where: Rp = the mean return Rf = the risk-free rate of return (interests and swaps) p = standard deviation, a measure of spread or dispersion In...
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