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  • Zack Analysis

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    This document appears to be the cover page for a project assignment in a financial management course. It lists the course name and number, term, student's name, and professor. The document also includes a table that shows stock ticker, company name, calculated alpha and beta values, r-squared value, and Zack's reported beta for three companies.

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    This document appears to be the cover page for a project assignment in a financial management course. It lists the course name and number, term, student's name, and professor. The document also includes a table that shows stock ticker, company name, calculated alpha and beta values, r-squared value, and Zack's reported beta for three companies.

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    32 views2 pages

    Zack Analysis

    Uploaded by

    nob
    This document appears to be the cover page for a project assignment in a financial management course. It lists the course name and number, term, student's name, and professor. The document also includes a table that shows stock ticker, company name, calculated alpha and beta values, r-squared value, and Zack's reported beta for three companies.

    Copyright:

    © All Rights Reserved
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    of 2

    Project 1

    FIN 3120-003
    Financial Management II
    Fall 2016

    Jeff Brown

    Dr. Blerina Bela Zykaj


    R- Zack's
    Company Alpha Beta squared Beta
    AFL -0.0003 0.9803 0.53 1.3
    MMM 0.0002 0.9344 0.56 1.07
    YHO0 0.0003 1.2010 0.25 1.49

    How do Zacks numbers compare to yours? Why might they be different (i.e., what may we
    have done differently than Zacks? What assumptions did we make?)?

    Zacks Betas are consistently higher than the beta I calculated through excel. The AFL excel beta
    I calculated was 0.9803 while Zacks beta was 1.30; MMM excel beta was 0.9344 while Zacks
    beta was 1.07; Yahoos excel beta was 1.201 while Zacks was 1.49. I believe these figures are so
    drastically different because of the time table. We only used 3 years worth of data (2013, 2014
    & 2015) whereas when Zack calculated their data they used a larger timeline. This time
    difference could have thrown off the calculations. We assumed that only 3 years of data was
    necessary to calculate the beta of a firm.

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