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Ranking assets from most liquid to least liquid,the correct order is
Conditional CAPM
An extension of the Capital Asset Pricing Model (CAPM) that allows for the beta coefficient to change depending on economic conditions or time.
Empirical Returns
Returns on an investment that are based on observed, historical real-world data rather than theoretical or expected outcomes.
Conventional CAPM
The Capital Asset Pricing Model, a financial model that describes the relationship between systematic risk and expected return for assets, typically used for pricing risky securities.
Human Capital
The economic value of an individual's skill set and knowledge, which can contribute to their productivity and earnings.
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