stocks

One of Wharton’s Most Valuable Courses

A person in a suit smiles in a sunlit room In the class FNCE 2070: Valuation, Wharton undergraduates spend a semester tackling a fundamental question: What is a company actually worth? Students taking this course must develop a solid understanding of a company and its place in its industry, interpret financial statements, forecast future performance, and make difficult decisions under…Read More

Understanding Common Risk Factors Between Stocks, Bonds, and Options

A man smiling in a sunlit room with windows in the background. How do common risk factors connect stocks, bonds, and options? In their recent study, which won the Jacobs Levy Center Research Paper Prize for Best Paper, Professor Nikolai Roussanov and his coauthors uncover the shared sources of variation driving returns across these asset classes. Their findings reveal how shared exposures…Read More