Its called a liquidity premium and its variance over time drives both difference in volatility and average return between investment vehicles.
Mr Sides's findings may also reflect a phenomenon identified by Moody's Analytics: over time, states' economic performance has converged, and the variance between their growth rates now matches the lowest in 70 years.
The more moving parts required to get work done, the more chance there is of creating confusion, rework, variance and other inefficiencies.
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Valuation becomes a matter of ratios of highly formalized GAAP earnings in relation to fluctuating prices adjusted by highly abstract notions of variance and value at risk.
Knowledge of the selling price is easy to find, and, truth be told, there's not that much variance within neighborhoods and home types.
The uncompromising Christian message of love, humility and charity is at variance with common human behaviour.
All this finally gets me to Google where I see a prospectively high reinvestment rate, lasting hegemony on its internet network and the least cyclical variance in its businesses which are not reliant on annualized new product initiatives.
And he gives testimony completely at variance with what the secretary of defense had said the day before, at variance with what he heard from the station chief in Tripoli, and with everything we had heard.
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As is elaborated below, this view can be considered mostly hot air since the therapy model or technique accounts for only 1% of the outcome variance in psychotherapy, whereas the client and the therapist account for much more of the outcome variance.
This allows both variance in modes and methods of teaching but also something close to a rigorous and comparable measurement method.
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In the case of IFAs, there is evidence of reduced portfolio variance, systematic and unsystematic, as a result of such involvement, but no traces of such an effect remain in the bank advisor sample.
So, not even good at math and I know that that's a pretty big variance in terms of an economy that's contracting and an economy that's growing.
Local or Global Minimum Variance structures, (LMV and GMV), tend to offer little in the sense of return simply to create a minimal variance they have to be based around extremely low risk assets.
The new fabric has less variance in weight, and the shape of the pattern has been adjusted to ensure it fits without being overstretched.
In fact, the Brinson, Hood and Beebower study a lot of advisors chant about demonstrated that 90% or more of the variance in returns among large pension plans was explained merely by their allocation to stocks, bonds and cash.
One way for investors to mitigate high correlation, RBC argues, is concentrating the number of stocks in a portfolio and sacrificing the potential cost of somewhat higher return variance.
The limited partnership form of business organization permits a great deal of variance with respect to the rights of the general and limited partners.
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Another variance that came to light in reviewing the SEC and Big Ten financials is that some schools do not attribute any of their broadcasting revenue to specific sports, but instead only include it in the Other, Non-Sport Specific category.
"The future of France in the family of great nations depends on our capacity for initiative - a value totally at variance with an enarque culture based on zero risk and suspicious of any idea of competition or power-sharing, " they said.
Forbes gave me a great opportunity to reach a large audience, despite my take on the world often being at variance from what you would expect from a Forbes publication, and for that I will be forever grateful.
And from someone who just went through the process of obtaining a real-life building variance, I can assure you that City Hall isn't exactly the ball pit at Chuck E.
The fact that up to 70% of the variance in organisational climate is caused by leadership style makes a clear case for directors to start adjusting behaviour and performance to achieve a demonstrable impact on the bottom line.
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