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

Stock Investment Analysis - Essay Example By careful analysis of the YTD returns it can also be observed that the short term yields for both the index as well as the FLCSX is higher than the long term yields. The yield differential between the 1 year return and 10 year return for FLCSX is 11.02% whereas the same is 9.9% for S&P 500. This implies that for the same time horizon, when the YTD returns of FLCSX is compared to that of S&P 500, the yield of FLCSX is more than S&P 500 index. Thus, while the FLCSX has yielded superior returns in long-term, the rate of fall in return is lower for S&P 500 implying that the later is less volatile compared to the former. The key drivers for fund performance as identified fidelity fund research are as follows: 1. Investor expectation mainly driven by changes in earnings and yield; 2. Short term or speculative investment; 3. Accuracy of estimates over time horizon; 4. Lower fund volatility Volatility or Risk Analysis of the Fund A portfolio is group of securities such as bonds, stocks wher e an investor invests his or her money. By diversifying money into a combination of securities, the investor mitigates the risk of holding a particular asset. Diversification of investment spreads the risk over many assets. A diversified portfolio gives the assurance of obtaining the anticipate return on portfolio. The concept of simple portfolio diversification is that some securities may not perform as anticipated but other assets might exceed the expected return making the actual return of the portfolio reasonably close to anticipated return (Huang, Wei and Yan, 2007, p. 2). Investing the entire sum of money in a single stock exposes the investor to the risk of that asset. So, in case when the price of that security falls in the market due to any reason, the investor will suffer huge losses. This, risk of concentration of money in a single stock is mitigated through diversification. Some of the key parameters that add risk to ones profile are discussed as follows:- The current yi eld of S&P 500 as on April 26, 2013 is 2.03% where as the YTD of FLCSX is 5.37%. The 10 year risk free rate of US T-bill is 1.70%. From the above information, the key parameters for assessment of risk can be calculated as follows: (Source: Bloomberg, 2013) From the above table it can be said that the beta of FLCSX is less than that of index S&P 500 which also means that the fund is less sensitive compared to the market. The standard deviation (SD) is the measure for fund’s volatility and from the above it can be said that the SD of FLCSX is much lower than that of index. The SD of S&P 500 composite index is found to be 197.18 where as the SD for FLCSX is 6.97. The higher values means that the funds are more volatile and vice-versa. The Sharpe Ratio measures the historically adjusted performance calculated by dividing the funds excess return and standard deviation of funds. Higher values indicates better performance and vice-versa and in this case it can be said that Sharpe ra tio of FLCSX is higher than that of the index implying that the large cap funds of fidelity has performed better than S&P 500. The fund managers are advised to regularly examine the vital

The Capital Punishment Sentencing Case Study Example | Topics and Well Written Essays - 750 words - 3

The Capital Punishment Sentencing - Case Study Example Sanity evaluation will also be performed in order to assess and check the past history of Mr. Fryer. A possible reevaluation of other factors including assessing the risk of re-offending will also be analyzed. This evaluation will be done in order to contemplate upon the idea of whether if the offender is not punished, will he be able to repeat any offense or not. Mitigating and aggravating circumstances and factors play the critical role in deciding about whether capital punishment should be awarded to an offender or not. Jurors will have to take into account these factors in determining the sentence of capital punishment. Jury often has to take into consideration the balancing act between the aggravating and mitigating factors when deciding about capital murder cases. It is, however, critical to note that both the mitigating and aggravating factors need to be considered exclusively in capital punishment cases. (Rogers, 1997) Aggravating factors are generally the factors which are duly supported by the evidence and point towards circumstances which can help the jury to make the harshest decision. Mitigating factors, however, points towards circumstances which are particular to defendant’s character and can also outline the circumstances under which the crime took place. Mitigating factors can force the jury to decide upon lesser punishment considering the fact that mitigating factors may help the defendant. In this case, considering the overall mental and psychological condition of Mr. Fryer, his mitigating factors may weigh more with respect to his committing of murder. It is also critical to note that each jury member may view both the factors differently. However, from the point of view of forensic psychology, the mitigating factors especially may play important role in shaping the overall opinion because Mr. Fryer was clearly going through a medical condition which required his extensive policing and  support.

Business law Essay Example | Topics and Well Written Essays - 2750 words - 3

Business law - Essay Example ed are in reference to the purchase of a piece of land adjoining the highway which is being opposed by Higbert but which the other directors propose to go ahead with, in contravention of an agreement between the four Directors which specifies that a unanimous consent is required. The question of dismissal of there employees on grounds of redundancy must also be addressed. The Companies Act of 1985, with amendments made in 1993 and the latest Companies Bill to go into force in 2007, which has proposed changes in the Articles of incorporation and the enforcing of shareholder interests, the new provisions for remuneration for Directors (2002) and the Employment Rights Act of 1996 which also includes the relevant legislation dealing with dismissal of employee son grounds of redundancy. The Hippo Company has been incorporated in accordance with Articles in the Table A form. Incorporation therefore involves separation of ownership and control, it is the members who own the company and allot shares, which constitutes a delegation of the shares as spelt out under s.80 to s.96. The Companies Act sets out the provisions by which Companies are to be governed, including appointment of Directors, articles of incorporation, rights of shareholders and procedures for legal action. On this basis therefore, the four Directors of the Corporation are also the four primary shareholders in the Hippo Company, with each Director owning 25% of the share sin the Company. Hence, where the issue of marginalization of Higbert is concerned, he is placed in the position of a minority shareholder, since the others are working in tandem. The rule established in Foss v Harbottle1 provides minority protection in that an individual or group of minority shareholders can sue where a wrong arises that is ratifiable. However the terms where this minority protection will hold valid were spelt out in Edwards v Halliwell2 and a fraud should have been perpetrated on the minority3, if such protection is

Business Law Assignment-Immigrants as employees Essay

Business Law Assignment-Immigrants as employees - Essay Example As a result, there have been calls for on employers to take action and responsibility in properly vetting their non-citizen workers. However, this has proved to be a challenge with these immigrants using loopholes to gain permits and other important valid documents. This expose elucidates the role of the employer in the issue of illegal immigrant employees and the problem of selective enforcement of immigration laws. In addition, the expose further looks at the rights of those employees who have worked in the country for long as illegal immigrants. Finally, the expose examines there is a justification in the immigrants’ quest for a better life and failure to follow and enforce the law when helping citizens of other nations. There is no doubt that employers should play a role in the enforcement of the immigration laws. However, the issue whether the employer should be the focal point while enforcing immigration laws is in itself debate since it illustrates failure in the systems concerning implementation of the immigrations laws. Case in point, while conducting the raid at Swift & Co., some of the illegal immigrants who worked in the company had valid documents with them. These valid documents included legal social security numbers of United States residents used by the immigrants to acquire work permits and gain employment at Swift albeit illegally (Herridge). Hence, once the employer, Swift Co. in this case, identifies valid permits issued due to valid social security number there is no need of victimizing them since there are loopholes that the illegal immigrant used. The basic pilot program is a crucial tool to ensure that the employers play their role in identifying illegal immigrants while employing them. Essentially, the program enables employers verify electronically whether non-citizens employed, or seeking employment, in the company are eligible for employment. This tool effectively becomes a crucial and

The Capital Punishment Sentencing Case Study Example | Topics and Well Written Essays - 750 words - 3

The Capital Punishment Sentencing - Case Study Example Sanity evaluation will also be performed in order to assess and check the past history of Mr. Fryer. A possible reevaluation of other factors including assessing the risk of re-offending will also be analyzed. This evaluation will be done in order to contemplate upon the idea of whether if the offender is not punished, will he be able to repeat any offense or not. Mitigating and aggravating circumstances and factors play the critical role in deciding about whether capital punishment should be awarded to an offender or not. Jurors will have to take into account these factors in determining the sentence of capital punishment. Jury often has to take into consideration the balancing act between the aggravating and mitigating factors when deciding about capital murder cases. It is, however, critical to note that both the mitigating and aggravating factors need to be considered exclusively in capital punishment cases. (Rogers, 1997) Aggravating factors are generally the factors which are duly supported by the evidence and point towards circumstances which can help the jury to make the harshest decision. Mitigating factors, however, points towards circumstances which are particular to defendant’s character and can also outline the circumstances under which the crime took place. Mitigating factors can force the jury to decide upon lesser punishment considering the fact that mitigating factors may help the defendant. In this case, considering the overall mental and psychological condition of Mr. Fryer, his mitigating factors may weigh more with respect to his committing of murder. It is also critical to note that each jury member may view both the factors differently. However, from the point of view of forensic psychology, the mitigating factors especially may play important role in shaping the overall opinion because Mr. Fryer was clearly going through a medical condition which required his extensive policing and  support.

Business Law Assignment-Immigrants as employees Essay

Business Law Assignment-Immigrants as employees - Essay Example As a result, there have been calls for on employers to take action and responsibility in properly vetting their non-citizen workers. However, this has proved to be a challenge with these immigrants using loopholes to gain permits and other important valid documents. This expose elucidates the role of the employer in the issue of illegal immigrant employees and the problem of selective enforcement of immigration laws. In addition, the expose further looks at the rights of those employees who have worked in the country for long as illegal immigrants. Finally, the expose examines there is a justification in the immigrants’ quest for a better life and failure to follow and enforce the law when helping citizens of other nations. There is no doubt that employers should play a role in the enforcement of the immigration laws. However, the issue whether the employer should be the focal point while enforcing immigration laws is in itself debate since it illustrates failure in the systems concerning implementation of the immigrations laws. Case in point, while conducting the raid at Swift & Co., some of the illegal immigrants who worked in the company had valid documents with them. These valid documents included legal social security numbers of United States residents used by the immigrants to acquire work permits and gain employment at Swift albeit illegally (Herridge). Hence, once the employer, Swift Co. in this case, identifies valid permits issued due to valid social security number there is no need of victimizing them since there are loopholes that the illegal immigrant used. The basic pilot program is a crucial tool to ensure that the employers play their role in identifying illegal immigrants while employing them. Essentially, the program enables employers verify electronically whether non-citizens employed, or seeking employment, in the company are eligible for employment. This tool effectively becomes a crucial and

Quantitative Research and Black Males Essay Example for Free

Quantitative Research and Black Males Essay On the run: Wanted men in a Philadelphia Ghetto. American Sociological Association, 74(3), 339-357. After reading the article, it was clear that it was written to give insight on what really happens in black neighborhoods and how daily lives are affected. Goffman’s (2009) purpose is to show that, â€Å"Although recent increases in imprisonment are concentrated in poor Black communities, we know little about how daily life within these neighborhoods is affected† (p. 39). Additionally, there are no research questions directly stated, but are implied throughout the article as to how exactly prejudice and racism towards the black communities can affect a black person’s life and to those around him. The major independent variable in the analysis is that over the years, young black males with little or no education have been imprisoned at least once in their life. The number of people being incarcerated keeps growing. The dependent variable ,or effect, of this cause is how being incarcerated even just once, can affect their daily lives in getting employment and always being on the run because of fear of being incarcerated again. The article did show theoretical frameworks as part of the literature review which focused on young uneducated black males. This article focused on the failure of young black men’s color, on how they could get arrested just by being seen as a black male. Other research and/or studies would focus on the â€Å"ghetto,† not just as a black male ghetto, but possibly people from other origins who live in ghettos such as Latino gang members. Goffman (2009) focuses only on black male gender theory. Both quantitative and qualitative research methods were used in the article. For quantitative methods, a percentage of black males being imprisoned were shown. As evidence, Pettit and Western (2004) stated, â€Å"30 percent of those with only high school diplomas have been to prison, and 60 percent of those who did not finish high school have prison records by their mid-30s,† (p. 39). Wildeman (2009) also stated, â€Å"One in four Black children born in 1990 had a father imprisoned,† (p. 339). For the qualitative method, Goffman (2009) used descriptive events and places that she was actually involved and observed in. The research design made the article more understanding and interesting by giving us a clear picture of how pe rcent numbers grew for black males being incarcerated and how the outcome of it affected their daily lives. In order to obtain information for the article, Goffman (2009) would actually spend time hanging out with young male men who had a record of being incarcerated and living in a bad neighborhood where cop surveillance had increased. Goffman (2009) would be, â€Å"spending most of my waking hours hanging out on Chuck’s back porch steps, or along the alley way between his block and Mike’s block,† and â€Å"for the next four years I spent two and six days a week on 6th street and roughly one day a week visiting members of the group in jail and prison,† (p. 42). The data collection Goffman (2009) obtained consisted of observations and actually taking field notes with the young men’s consent, although she would not directly ask questions. Goffman (2009) used quotes of what people would say by, â€Å"typing it down directly onto a laptop or by using a cell phone text message,† (p. 342). She also interviewed lawyers, police officers, probation officer s and a judge to get more research information for the article. Goffman (2009) analyzed the data she obtained by observing actual events that went on in Black communities and placing them in the article very descriptively. They were systematically described by the events being in order and giving readers a clear view of imagining what exactly was happening. As a result of all the evidence put together, Goffman (2009) found out that because black males had been incarcerated they were the main target of being incarcerated again because of their color, due to this fact they live in fear of going back to jail and are always on the run. They cannot keep a decent life and those around them such as family, friends, and girlfriends use the fact that they can be incarcerated again to their advantage to get money, keep them â€Å"in check†, and to get payback if they’ve been done wrong by them. Goffman (2009) also stated that, â€Å"Young men also turn their wanted status into a resource by using it to account for shortcomings or failures that may have occurred anyway,† (p. 354). These findings are accurately and adequately described so that readers can evaluate the claims and have a good picture of how their lives are affected. The research findings matter to me in a sense that I now have a much broader understanding on what black males go through in the type of neighborhoods that they live in. I was able to see how prejudice and racism also play a big role in young black male men being the target of being incarcerated. The issue in American society that may have shaped this article and research is racism because due to a male’s color they are automatically suspected of doing something wrong and whether or not they’ve done something wrong at the time they are taken to jail. Very much creditability should be given to the research and findings of this article because it helps us see the side of the story we did not know about. The research is solid and very useful because it helps us understand how and why young male black men live in fear and can’t lead a normal life without actually being caught by authorities. Goffman’s (2009) article helps provide a new outlook on how lives are in fact affected in Black neighborhoods.