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Which structure is not considered to be part of the membranous labyrinth?
Security Characteristic Line
A line used in finance to represent the relation between the expected return of a security and the return of the market.
Single-Index Model
A financial model that describes the return of a security or portfolio as a linear function of the return of a single market index, accounting for both the market return and idiosyncratic factors.
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.
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