financialkit.asset_pricing
==========================


.. include:: /_generated/nav/asset_pricing.rst

Williams's dividend discount model and Gordon growth (through
:func:`financialkit.time_value.perpetuity_present_value`),
Modigliani-Miller and the weighted average cost of capital, and
Shiller's variance bound; Sharpe's CAPM with the market as the tangency
portfolio (:func:`financialkit.risk.safety_first_portfolio`), Jensen's
alpha, Black's zero-beta CAPM and the Gibbons-Ross-Shanken test;
time-series factor regressions (through
:func:`financialkit.time_series.ols`), Fama-MacBeth premia, Ross's APT
and its arbitrage portfolios, and the characteristic sorts behind the
Fama-French and Carhart factors; Lucas's tree, Breeden's consumption
CAPM and the Mehra-Prescott economy; Harrison-Kreps state prices with
``scipy.optimize.linprog`` and the Hansen-Jagannathan bound.

.. automodule:: financialkit.asset_pricing
   :members:
   :undoc-members: