Serial covariance

The covariance between a variable and the lagged value of the variable. In econometrics referred to as autocovariance.

Similar financial terms

Serial bonds
Corporate bonds arranged so that specified principal amounts become due on specified dates.

Variance-Covariance matrix
The variance-covariance matrix shows the variances and covariances between a number of different market variables.

Covariance
A statistical measure of the degree to which random variables move together.

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Market price of risk

A measure of the extra return, or risk premium, that investors demand to bear risk. The reward-to-risk ratio of the market portfolio.


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