Examlex
The last step in the performance appraisal process involves:
Beta
A measure of a stock's volatility in relation to the overall market; a beta greater than 1 indicates greater volatility than the market.
Heterogeneous Expectations
A financial theory assumption that different investors have varied predictions about future market or asset performance.
Holding Period
The duration between the purchase and sale of a security or investment.
Price Takers
Parties in a market who accept prevailing prices because they have no power to influence the market price due to their small scale of operations or the competitive nature of the market.
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