The studies and tools that measure volatility provide appraisers with powerful information to be used in determining and applying a discount for lack of marketability (DLOM).  Yet, of the models available, each has strengths and weaknesses which make its application potentially dangerous, depending on the target business, valuation assignment, or other considerations.

In this webinar expert John J. Stockdale reviews, tests, and interprets the outcomes of these models to provide appraisers with a better understanding of how, when, and why to apply each.  Through statistical analysis and basic tests of comparison Stockdale will show that, while each model has useful benefits, not all are always appropriate.

• The importance of volatility
• Volatility models, their strengths and weaknesses
• Tests of the models
• Volatility Comparison
• Performance over time
• Interpreting the data
• Weibull curves
• Testing the Models
• Black-Scholes model usage
• Longstaff
• Traditional
• Transformed
• Finnerty Average Strike Put Options
• Ghaidarov Average Strike Put Options
• Meulbroek CAPM
• Tabak CAPM
• Sigma-DLOM
• Wrap Up

• Learn the importance of volatility to DLOM measurements
• Learn how the models discussed capture and measure volatility
• Understand the strengths and weaknesses of each model
• Learn how to apply the information gleaned in these models to an effective conclusion of value