4. Measuring standalone risk using realized data Returns earned over a given time period are called realized returns. Historical data on realized returns is often used to estimate future results. Analysts across companies use realized stock returns to estimate the risk of a stock. Five years of realized returns for Blue Llama Mining Inc. (Blue Llama) are given in the following table: 2012 2013 2015 2016 Stock return 2014 25.50% 21.25% 14.45% 35.70% 11.05% Also note that: 1. While Blue Llama was started 40 years ago, its common stock has been publicly traded for 2. The returns on Blue Llama's equity are calculated as arithmetic returns. past 25 years. Given this return data, the average realized return on Blue Llama Mining Inc.'s stock is of Blue Llama's historical returns. Based on this conclusion, the standard deviation of Blue The preceding data series represents Llama's historical returns is 2016 to continue into the future, its expected If investors expect the average realized return on Blue Llama Mining Inc.'s stock from 2012 coefficient of variation (CV) is expected to equal Save & Continue years of realized returns for Blue Llama Mining Inc. (Blue Llama) are given in the following table: 2012 2013 2014 2015 2016 Stock return 21.25% 14.45% 25.50% 35.70% 11.05% so note that: 1. While Blue Ulama was started 40 years ago, its common stock has been publicly traded for the past 25 years. 2. The returns on Blue Ulama's equity are calculated as arithmetic returns Given this return data, the average realized return on Blue Llama Mining Inc.'s stock is The preceding data series represents Ulama's historical returns is of Blue Llama's historical res 43.18% d on this conclusion, the si 21.59% If investors expect the average realized return on Blue Ulama Mining Inc.'s stock from coefficient of variation (CV) is expected to equal 66.93% 6 to continue Into the future 53.98% Conti 24 atv so F9 000 FS 7 2 % 3 4 & following table 2012 2013 2014 2015 2016 Stock return 21.25% 14.45% 25.50% 35.70% 11.05% Also note that: 1. While Blue Ulama was started 40 years ago, its common stock has been publicly traded for the past 2. The returns on Blue Llama's equity are calculated as arithmetic returns. a sample Given this return data, the averager the population the universe Blue Llama Mining Inc.'s stock is The preceding data series represents Lama's historical returns is of Blue Ulama's historical returns. Based on this conc If investors expect the average realized return on Blue Llama Mining Inc.'s stock from 2012 to 2016 to continue in coefficient of variation (CV) is expected to equal 24 dtv S 80 F2 999 OOD F3 F4 55 @ 1 2 % Five years of realized returns for Blue Llama Mining Inc. (Blue Llama) are given in the following table: 2012 2013 2014 2015 2016 Stock return 21.25% 14.45% 25.50% 35.70% 11.05% Also note that: 1. While Blue Llama was started 40 years ago, its common stock has been publicly traded for the past 25 2. The returns on Blue Lacowity are calculated as arithmetic returns. 9.7027% 7.4711% Given this return data, the 8.6783% Jed return on Blue Llama Mining Inc.'s stock is 13.0986% The preceding data series Lama's historical returns is of Blue Lama's historical returns. Based on this concle If Investors expect the average realized return on Blue Llama Mining Inc.'s stock from 2012 to 2016 to continue int coefficient of variation (CV) is expected to equal 24 tv 80 F3 909 F4 FS F6 7 years of realized returns for Blue Llama Mining Inc. (Blue Llama) are given in the following table: 2012 2013 2014 2015 2016 Stock return 21.25% 14.45% 25.50% 35.70% 11.05% o note that: 1. While Blue Ulama was started 40 years ago, its common stock has been publicly traded for the past 25 years. 2. The returns on Blue Ulama's equity are calculated as arithmetic returns. Elven this return data, the average realized retu 0.5168 Lama Mining Inc.'s stock is The preceding data series represents lama's historical returns is 0.3775 of Blue Llama's historical returns. Based on this conclusion, the 0.4494 0.8314 af investors expect the average realized return of ma Mining Inc.'s stock from 2012 to 2016 to continue into the futur coefficient of variation (CV) is expected to equal Sa Conti 24 tv 80 F3 000 ODO F4 17 @