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How did the Fourteenth Amendment effectively nullify the Dred Scott decision of 1857?
SMB Beta
A measure used in finance to assess the sensitivity of a stock's return relative to the size factor in an asset pricing model.
Factor Portfolio
A portfolio that is constructed to have a high sensitivity to certain economic or financial factors, aiming to capture specific risk premiums.
Well-diversified Portfolio
An investment portfolio comprised of various assets to reduce exposure to risk by spreading investments across different industries, asset classes, or other categories.
Beta
A measure of the volatility, or systematic risk, of a security or portfolio compared to the market as a whole.
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