What Is the Security Market Line?

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    What Is the Security Market Line?
    Assalamualaikum dears member main thek Hun or umeed Karti hun AP bhi thek Hun gy or forex trading foram par boht achi earning kar rahy hn gy Mera AJ ka sawal boht zaiyada important or knowledge Wala hy Mera sawal hy trading foram
    MN security market line kia hy Mera sawal AP ko boht zaiyada information provide kary ga or agar AP is tariky par Amal karain gy to AP ko boht zaiyada faida dy ga

    Introduction

    security market line ( sml ) aik chart par khenchi gayi aik lakeer hai jo ke sarmaye ke asasa jaat ki qeematon ka taayun karne walay model ( capm ) ki tasweerai numaindagi ke tor par kaam karti hai - jo mukhtalif market able sikyortiz ke munazzam, ya market ke khatray ki mukhtalif sthon ko zahir karti hai, jo mutawaqqa ke khilaaf tayyar ki gayi hain. kisi bhi waqt poori market ki wapsi." khususiyaat ki lakeer" ke naam se bhi jana jata hai, sml capm ka aik tasawwur hai, jahan chart ka x-axis khatray ki numaindagi karta hai ( beta ke lehaaz se ), aur chart ka y-axis mutawaqqa wapsi ki numaindagi karta hai. di gayi security ke market rissk premium ka taayun is baat se kya jata hai ke usay sml ke hawalay se chart par kahan plot kya gaya hai. security market line sarmaya kaari ki tashkhees ka aik tool hai jo capm se akhaz kya gaya hai — aik aisa model jo sikyortiz ke liye khatray ki wapsi ke talluq ko bayan karta hai. is mafroozay ki bunyaad par ke sarmaya karon ko paisay ki waqti qader ( tvm ) aur kisi bhi sarmaya kaari se wabasta khatray ki mutaliqa satah dono ke liye muawza diya jana zaroori hai, jisay rissk premium kaha jata hai. beta ka tasawwur capm aur sml mein markazi hesiyat rakhta hai. . security ka beta is ke munazzam khatray ka aik pemana hai, jisay tanawu ke zariye khatam nahi kiya ja sakta. aik ki beta value ko majmoi market ost samjha jata hai. aik beta value jo aik se ziyada hai market ki ost se ziyada khatray ki satah ki numaindagi karti hai, aur aik se kam ki beta value khatray ki satah ki numaindagi karti hai jo market ki ost se kam hai .
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    Using the security market line

    security market line aam tor par money mnijrz aur sarmaya karon ke zareya kisi sarmaya kaari ki masnoaat ki jaanch ke liye istemaal ki jati hai jisay woh port folyo mein shaamil karne ke baray mein soch rahay hain. sml is baat ka taayun karne mein kaar amad hai ke aaya security khatray ki satah ke muqablay mein munasib mutawaqqa wapsi paish karti hai. jab sml chart par security ki mansoobah bandi ki jati hai, agar yeh sml ke oopar zahir hota hai, to usay kam qader samjha jata hai kyunkay chart par position is baat ki nishandahi karti hai ke security is ke moroosi khatray ke muqablay mein ziyada wapsi paish karti hai. is ke bar aks, agar security plot sml se neechay hai, to usay qeemat mein ziyada samjha jata hai kyunkay mutawaqqa wapsi moroosi khatray par qaboo nahi paati hai. un mein mutawaqqa wapsi ke muqablay mein moroosi market ke khatray ki kam se kam miqdaar shaamil hoti hai. sml ka istemaal masawi khatray ki sikyortiz ka mawazna karne ke liye bhi kya ja sakta hai taakay yeh dekha ja sakay ke kon si is khatray ki satah ke muqablay mein sab se ziyada mutawaqqa munafe paish karta hai
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    Key Take away

    security market line ( sml ) aik chart par khenchi gayi aik lakeer hai jo capital east praysng model ( capm ) ki tasweerai numaindagi ke tor par kaam karti hai. sml is baat ka taayun karne mein madad kar sakta hai ke aaya koi sarmaya kaari ki masnoaat is ke khatray ki satah ke muqablay mein munasib mutawaqqa wapsi paish kere gi. s am ail ki mansoobah bandi ke liye formulay ki zaroorat hai wapsi = rissk free rate of return + beta ( market return - rissk free rate of return ) .

    Security market line assumptions

    chunkay security market line capital east praysng model ( capm ) ki tasweerai numaindagi hai, is liye capm ke mafroozay sml ke liye bhi hotay hain. ziyada tar aam tor par, capm aik factor model hai jo sirf munazzam khatray ki satah par mabni hota hai jis se security ka saamna hota hai. munazzam khatray ki satah jitni ziyada hogi, security ke liye mutawaqqa wapsi itni hi ziyada hogi – ziyada khatrah ziyada inaam ke barabar hai. yeh aik lakiri rishta hai aur yeh batata hai ke security market line seedhi line kyun hai. taham, aik factor model ko barqarar rakhnay ke liye bohat wasee mfrozon ki zaroorat hai. zail mein kuch sml mafroozay hain : tamam market ke shurka qeemat lainay walay hain aur security ki qeemat ko mutasir nahi kar satke. tamam sarmaya karon ke liye sarmaya kaari ka ufaq yaksaa hai. koi mukhtasir farokht nahi hai. koi tax ya lain deen ke akhrajaat nahi hain. sirf aik khatrah se pak asasa hai. mutadid khatarnaak asasay hain. market ke tamam shurka aqli hain .

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