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Given that z is a standard normal random variable,a negative value of z indicates that:
Beta
A gauge of the level of variability, or consistent risk, attached to a security or portfolio against the backdrop of the broader market.
Treasury Bills
Short-term government securities with maturities of one year or less, considered a safe and liquid investment.
Debt-equity Ratio
A numerical expression that demonstrates how a company's assets are financed through shareholders' equity and debt, typically used to analyze financial leverage.
Weighted Average Cost
A calculation that takes into account the varying costs of different sources of capital, weighted by their proportions in the capital structure.
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