גידור סיכוני שוק בעידן של אי ודאות

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    http://he.wikipedia.org/wiki/%D7%A7%D7%95%D7%91%D7%A5:Cil.jpghttp://www.elbitsystems.com/elbitmain/default.asp//upload.wikimedia.org/wikipedia/he/b/b7/Elisra_logo.JPGhttp://www.holis.co.il/index.htmlhttp://www.galam.co.il/http://www.neocitygroup.com///www.industry.org.il/http://www.plasansasa.com/http://www.plasson.co.il/

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    ! . . Volatile

    Unpredictable

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    USD/JPY

    USD/CADUSD/CAD

    25% change in 30 days

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  • Earnings Variation

    -$60,000

    -$40,000

    -$20,000

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    $20,000

    $40,000

    $60,000

    0 5 10 15

    Months

    Vari

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    1. Allayannis and Weston (2001), Nain (2004) and Kim et al. (2006)

    2. Wharton study, 1998

    3. www.cfo.com/article.cfm/13606188/c_3805465/?f=archives

    Profit

    No Hedge

    Hedged

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    http://www.cfo.com/article.cfm/13606188/c_3805465/?f=archiveshttp://www.cfo.com/article.cfm/13606188/c_3805465/?f=archiveshttp://www.cfo.com/article.cfm/13606188/c_3805465/?f=archiveshttp://www.cfo.com/article.cfm/13606188/c_3805465/?f=archiveshttp://www.cfo.com/article.cfm/13606188/c_3805465/?f=archiveshttp://prico.com/

  • ( Max)

    :IBM

    TEVA :

    :

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  • Deal impact with and without Hedge

    -$25,000

    -$20,000

    -$15,000

    -$10,000

    -$5,000

    $0

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    $10,000

    $15,000

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    Exchange Rate

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    24 , 36

    !!! OTC

    74% 2009

    -

    http://www2.dupont.com/DuPont_Home/en_US/index.html

  • :

    Info@Prico.com

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  • +

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    Exchange Rate

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