{"title":"房地产投资信托基金行业的贝塔系数","authors":"Tamala Amelia Manda","doi":"10.3905/jbis.2023.1.035","DOIUrl":null,"url":null,"abstract":"This study explores the beta factor in the South African real estate investment trust (REIT) industry. Using MASCOFLAPEC, historical, and Monte Carlo (vanilla, antithetic, and quasi-random) betas, the author confirms that the beta factor and volatility theory have the same intuitive explanation. Interestingly, the beta factor, as shown by quantitative and qualitative betas, appropriately accounts for the financial position and financial health of REITs. The alphas (Sharpe, Treynor, and Jensen) support the findings on the betas.","PeriodicalId":284314,"journal":{"name":"The Journal of Beta Investment Strategies","volume":"6 1","pages":"0"},"PeriodicalIF":0.0000,"publicationDate":"2023-04-04","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":"0","resultStr":"{\"title\":\"The Beta Factor in the REIT Industry\",\"authors\":\"Tamala Amelia Manda\",\"doi\":\"10.3905/jbis.2023.1.035\",\"DOIUrl\":null,\"url\":null,\"abstract\":\"This study explores the beta factor in the South African real estate investment trust (REIT) industry. Using MASCOFLAPEC, historical, and Monte Carlo (vanilla, antithetic, and quasi-random) betas, the author confirms that the beta factor and volatility theory have the same intuitive explanation. Interestingly, the beta factor, as shown by quantitative and qualitative betas, appropriately accounts for the financial position and financial health of REITs. The alphas (Sharpe, Treynor, and Jensen) support the findings on the betas.\",\"PeriodicalId\":284314,\"journal\":{\"name\":\"The Journal of Beta Investment Strategies\",\"volume\":\"6 1\",\"pages\":\"0\"},\"PeriodicalIF\":0.0000,\"publicationDate\":\"2023-04-04\",\"publicationTypes\":\"Journal Article\",\"fieldsOfStudy\":null,\"isOpenAccess\":false,\"openAccessPdf\":\"\",\"citationCount\":\"0\",\"resultStr\":null,\"platform\":\"Semanticscholar\",\"paperid\":null,\"PeriodicalName\":\"The Journal of Beta Investment Strategies\",\"FirstCategoryId\":\"1085\",\"ListUrlMain\":\"https://doi.org/10.3905/jbis.2023.1.035\",\"RegionNum\":0,\"RegionCategory\":null,\"ArticlePicture\":[],\"TitleCN\":null,\"AbstractTextCN\":null,\"PMCID\":null,\"EPubDate\":\"\",\"PubModel\":\"\",\"JCR\":\"\",\"JCRName\":\"\",\"Score\":null,\"Total\":0}","platform":"Semanticscholar","paperid":null,"PeriodicalName":"The Journal of Beta Investment Strategies","FirstCategoryId":"1085","ListUrlMain":"https://doi.org/10.3905/jbis.2023.1.035","RegionNum":0,"RegionCategory":null,"ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":null,"EPubDate":"","PubModel":"","JCR":"","JCRName":"","Score":null,"Total":0}
This study explores the beta factor in the South African real estate investment trust (REIT) industry. Using MASCOFLAPEC, historical, and Monte Carlo (vanilla, antithetic, and quasi-random) betas, the author confirms that the beta factor and volatility theory have the same intuitive explanation. Interestingly, the beta factor, as shown by quantitative and qualitative betas, appropriately accounts for the financial position and financial health of REITs. The alphas (Sharpe, Treynor, and Jensen) support the findings on the betas.
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