Comparison Between Gold Rates and Sensex Essay Example for Free

Comparison Between Gold Rates and Sensex Essay Correlation : Correlation is a statistical technique that can show whether and how strongly pairs of variables are related. Correlation is computed into what is known as the correlation coefficient, which ranges between -1 and +1. Perfect positive correlation (a correlation co-efficient of +1) implies that as one security moves, either up or down, the other security will move in lockstep, in the same direction. Alternatively, perfect negative correlation means that if one security moves in either direction the security that is perfectly negatively correlated will move in the opposite direction. If the correlation is 0, the movements of the securities are said to have no correlation; they are completely random. Regression analysis: It involves identifying the relationship between a dependent variable and one or more independent variables. Case Analysis The initial analysis compares two Asset index prices the SENSEX and the GOLD. The Sensex has the top 30 stocks. The Gold is an important Asset in terms on Investment as it also offers the benefit on diversifying the Portfolio risk. To apply the Correlation and regression concept, we consider an investor who plans to invest in Gold looking at the rise in the gold prices. He is still reluctant if he should choose Gold as an investment option or if he should consider investing in some other investment options based on Sensex. as on 15th September 2012. Hence, he plans to carry out a research on the same, for which he attends a seminar on â€Å"Investment Opportunities†. There was a debate amongst the Financial Analysts â€Å"Does Sensex rates affect Gold prices?† Analyst1 : Gold prices have been on an uptick since 2000, while the stock market declined from 2000 to 2003 and then again in 2008. Hence, Sensex fluctuation does not determine the Gold prices i.e. rise in Sensex might not always lead to rise in gold price. Analyst 2: Through the recovery phase that commenced in 2003, gold prices kept rising. Analyst 1: Gold prices normally appreciates in value. Analyst2: Fluctuations in Gold prices are determined by the fluctuations in Sensex i.e.: Decline In sensex. This created a confusion. Hence, to clarify the confusion he plans to study the price trends of the Gold rates and the Sensex for the dates ranging from June 1st’2012 – August 31st2012. After checking the correlation he found that the correlation between the closing prices on Gold and Sensex was 0.24 which was weak. Thus, he decided that Sensex rates was not the only factor to consider investment in Gold. Otherwise, Gold is a good option for investment as it provides diversification and hedging in investment. Conclusion: Correlation between Gold and Sensex is 0.24 which is positive and weak. Thus, based on this correlation change in Sensex has an effect on Gold rate but it is very small.

A Feminist Perspective of Measure for Measure and The Merchant of Venic

A Feminist Perspective of Measure for Measure and The Merchant of Venice      Ã‚  Ã‚   Isabella's only power could be in saying 'no', her 'no' to Angelo that she would not leave the world despoiled and soulless, 'no' to Claudio that she would sacrifice herself, 'no' to the nunnery that she had wished to enter or 'no' to the Duke's offer of marriage. Isabella's role ability to be self-determining was quite different from Portia's advocacy in The Merchant of Venice, for Isabella was the tool of the Duke, fulfilling his scripting. Her nun's garb should have ensured a neuter role, and she intended her pity and love for her brother to involve her in this world only so far as to counsel him in honour. Despite her self concept, two men of the world with power over her saw her as a beautiful sexual object to be acquired. Against this, Isabella's strength was in theological purity, going straight to the sense of the Gospels. We cannot cast the first stone. We must have mercy for others, because "he which is the top of judgement" had mercy on us. Because the censors usually eliminated the word 'God', references were oblique, but there could be no real substitution of 'Jove' or 'the gods' here where the sense was so very New Testament. Isabella was preaching to a society which had gone far in condemnation and execution in the name of religion; she was a beacon of clear light. Portia actively sought mercy as the greatest response and carefully gave Shylock every option to release the bond which held him when she stage-managed the last-minute dramatic revelation, showing that he too could be forfeit. Significantly, the advocacy of both Portia and Isabella was the same: mercy must be applied to the law. Could a Duke's one gateway denouement be... ...d expanded, and the whole prospered on the servitude and devotion of women. Petruchio did his bit, as did Isabella's Duke, so that protectionism was the right end and repository for women's identity and role. Yet in the next section Benedick will meet his match, and that paragon, Portia, will tactfully remain within the rhetorical framework of male supremacy, costuming her more able endeavours.... i Jill Bavin-Mizzi, Ravished (Sydney: University of New South Wales Press, 1995). ii Margaret Thornton, "Women as fringe dwellers of the jurisprudential community", in Sex, Power and Justice (Oxford: Oxford University Press, 1995), p. 190. iii Charlotte Lennox (nà ©e Ramsay), 1729 -1804, actress and poet, Women Reading Shakespeare 1660-1900, An anthology of criticism, ed. Ann Thompson and Sasha Roberts (Manchester: Manchester University Press, 1997), pp. 17-18.

Debt and Equity Essay

Long-term financing requires a meticulous understanding of the various features of debt and equity and their impact an organization. While evaluating debt and equity, an investment banker also has to consider the unique characteristics of the organization’s dealings while ensuring that the organization’s requirements are met. Debt CapitalDebt capital includes all long-term borrowing incurred by the firm. The cost of debt was found to be less than the cost of other forms of financing. The relative inexpensiveness of debt capital is because the lenders take the least risk of any long-term contributors of capital. Their risk is less than that of other because (1) they have a higher priority of claim against any earnings or assets available for payment (2) they have a far stronger legal pressure against the company to make payment than do preferred or common stockholders, and (3) the tax-deductibility of interest payments lowers the debt cost to the firm substantially. Equity CapitalEquity capital consists of the long-term funds provided by the firm’s owners, the stockholders. Unlike borrowed funds that must be repaid at a specified future date, equity capital is expected to remain in the firm for an indefinite period. The two basic sources of equity capital are (1) preferred stock and (2) common stock equity, which includes common stock and retained earnings. Common stock is typically the most expensive form of equity, followed by retained earnings and preferred stock, respectively (Pinegar, Wilbricht, 1989). A firm’s capital structure is determined by the mix of long-term debt and equity it uses in financing its operations. Debt and equity capital differ with respect to voice in management, claims on income and assets, maturity, and tax treatment. Capital structure can be externally assessed using the debt ratio and the debt-equity ratio to measure the firm’s degree of indebtedness or the times interest earned ratio and the fixed-payment coverage ratio to measure its ability to meet fixed financial payments. Research suggests is an optimal capital structure that balances the firms; benefits and cost of debt financing. The major benefit of debt financing is the tax-deductible interest, and the costs of debt financing include the  probability of bankruptcy, agency costs imposed by lenders in their loan agreements, and asymmetric information costs attributable to managers having more information about the firm’s prospects than do investors (Modigliani and Miller, 1958). Reference: Modigliani, Franco and Miller, Merton. (1958). The Cost of Capital, CorporationFinance, and the Theory of Investment. American Economic Review. Pinegar, J. Michael and Wilbricht, Liza. (1989). What Managers Think of CapitalStructure Theory.

Fire Causes Mental Illness in Jane Eyre and Wide Sargasso Sea

Almost anyone that has had the misfortune of enduring an early childhood traumatic experience will readily admit that it has had lasting effects on his life. A traumatic occurrence at an early time in ones life will not only change the persons way of thinking, but it will also alter the relationships that this person has with certain people, places, or things. Normally comfortable settings will suddenly become extremely uncomfortable. People that the child was once at great ease with unexpectedly are transformed into completely different people in the childs eyes. For an adult, traumatic experiences are easier to handle, at least in my opinion. But for a child, going through a tragic event could completely destroy the type of†¦show more content†¦With 71 people being affected by fires at home everyday, it is easy to see that Antoinette Masons fate was not that unlikely. A more specific method of explaining Antoinette Masons condition is to discuss the mental state known as Post Traumatic Stress Disorder. Naomi Breslau states that one of the symptoms of Post Traumatic Stress Disorder is a numbing of affect and avoidance of thoughts, acts, and situations that represent the trauma (Breslau 924). In Wide Sargasso Sea, Antoinette clearly shows this type of symptom. In her last dream described by Rhys, Antoinette sees the pool at Coulibri (Rhys 112). This obviously shows that Antoinette can only deal with her past at Coulibri in her dreams, and not in reality. When Antoinette is walking down the hallway at Thornfied, she says Now at last I know why I was brought here and what I have to do (Rhys 112). At this particular point in the novel, it is clearly evident that Antoinette is simply recreating the tragic event that she was forced to endure during her childhood at Coulibri. The fact that she has a mental illness basically allows her to start the fire without having an actual flashback to the fire she suffered during her youth. It is certain that the fire at Coulibri was the chief cause of Antoinettes madness. However, more can be revealed about her with a closer examination of the burning of Coulibri and the fire she set at Thornfield Hall. At Coulibri, the blaze, started by family