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What is the NFT bay website?
The NFT bay website was launched in November 2021 by Geoffrey Huntley, an Australian artist, in an attempt to draw attention to issues associated with non-fungible tokens, or NFTs. NFTs have become immensely popular as a means of certifying ownership of unique assets. They are commonly used within the context of digital art. Some NFTs […]
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Jensen’s alpha formula and calculator
When evaluating the performance of mutual funds, ETFs, or your own portfolio, it is vital to do that on a risk-adjusted basis. That is, it would be misleading to compare investment opportunities on the basis of returns only as higher returns normally require bearing more risk. In this post, we discuss one of the most […]
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Sharpe ratio calculator, formula, examples
The Sharpe ratio is a popular tool used in performance evaluation. In this post, we offer a Sharpe ratio calculator as well as explain the formula with examples. Jump to The Sharpe ratio formula Using the Sharpe ratio to evaluate performance – an example Ex-ante vs ex-post Sharpe ratio The Sharpe ratio vs the Treynor […]
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Fungible tokens – meaning and examples
Fungible tokens are one of the two main types of digital tokens, the other type being non-fungible tokens (NFTs). In this post, we explain in detail what fungible tokens are and how they differ from NFTs. Jump to: What is fungibility? What are fungible tokens? ‘Clean Bitcoins’ vs ‘dirty Bitcoins’ What is fungibility? Fungibility is […]
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What is a cryptocurrency exchange?
Many of us have heard about cryptocurrencies such as Bitcoin, Dogecoin, and Ether. But, what is a cryptocurrency exchange, and how does it function? In a nutshell, a cryptocurrency exchange is a platform that enables investors to buy or sell a particular cryptocurrency in exchange for fiat money (dollars, pounds, euros, etc.) or another cryptocurrency. […]
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NFT meaning, marketplaces, and scams
In this post, we offer a beginner’s guide to NFTs. We explain the meaning of an NFT and how NFTs are be traded in marketplaces. We also discuss various types of NFT scams. Jump to: What does NFT mean? What is 1/1 NFT? NFT marketplaces NFT scams Final word on NFTs What does NFT mean? […]
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Tokenomics guide for crypto investors
Over the past decade, cryptocurrency markets saw immense levels of growth. The stellar increase in the value of bitcoin, wild speculations and bubbles in various digital tokens, and cryptocurrency exchange hacks have been extensively covered in media. Even people with little interest in finance have become familiar with terms such as initial coin offerings, non-fungible […]
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Investments quiz – Test your knowledge!
This investments quiz aims to test your knowledge of the material covered in our free investments course. The quiz is a multiple-choice test. It consists of three sections: Section A: Return calculations. Section B: Portfolio theory. Section C: CAPM and APT. The answers and solutions are provided at the bottom of this page. Section A: […]
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Descriptive statistics for stock returns
Descriptive statistics offer a simple way of understanding distributions of stock returns. They give us an idea about a distribution’s centrality, dispersion, and other features. In this tutorial, we will show you how to generate descriptive statistics for stock returns using Excel’s data analysis tool. Jump to: Using Excel to get descriptive statistics for stock […]
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Arbitrage pricing theory (APT)
In the previous lesson, we learned about the capital asset pricing model (CAPM). According to the CAPM, any risky asset’s expected return depends on its exposure to the market risk. So, CAPM is based on the idea that market risk is the sole systematic risk factor. Because systematic risk can’t be eliminated via diversification, risk-averse […]
