Featuring (click image for more information):

John J. Stockdale ASA, CPA/ABV, CFF John Stockdale Business Valuations

Why You Should Attend

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.

Agenda

• 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

Learning Objectives

• 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

Single Connection Policy
Admission to this event authorizes one computer and phone connection for one location. These connections may be transferred users and/or locations. Multiple concurrent connections for a single admission registration are not allowed.

Multi-User CPE Policy
Admission to this program includes one CPE certificate for one individual. Any additional listeners requesting CPE must pay a processing fee assessed at the completion of the online CE survey for this course.

CPE Processing Fees may be bypassed by entering a valid, unused CPE Authorization Code (for single event purchasers) or by logging into BVR's website (for subscribers to BVR's Training Series).

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CPE Information

Prerequisites: Knowledge of Business Valuation
Program Level: Advanced
Preparation Required: None
Delivery Method: Group Internet-Based
Recommended CPE: 2 Credit Hours (Specialized Knowledge & Applications)

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