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Which country has the largest portion of the world's light oil reserves?
Excess Returns
Returns on an investment that exceed the benchmark or risk-free return, indicating the extra value gained by taking on risk.
Index Model
A financial model that describes the return of a stock as a function of the return of a market index, plus residual factors unique to that stock.
Standard Deviation
A statistical measure of the dispersion or variability around the mean of a set of data points, often used to quantify the risk of an investment.
Return
The gain or loss on an investment over a specified period, expressed as a percentage of the investment’s cost.
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