Tenβ5 is an affordable, fast, and reliable web app that requires only essential input about your investigation and gives instant results. All you need is the ticker and a list of potential disclosure dates, and our system gathers and analyzes the data instantly and correctly. Developed by Analytic Focus, a national data analytics firm, Tenβ5 quantifies and qualifies securities events you are considering, is highly cost-effective, easy to use, and comprehensive.
With Tenβ5 (Ten-Beta-Five) you can:
- Quantify and qualify disclosure dates
- Produce sophisticated analysis in minutes
- Customize event study assumptions
Baseline Event Study
The Baseline Event Study uses a standard set of assumptions to determine the returns on the event dates after controlling for changes in the market index and whether these returns are significantly negative on average.
The Baseline Event Study report provides several outputs:
- Line chart displaying prices for the stock and market index
- Overview table showing stock and market returns on event (corrective disclosure) dates
- Event study summary table
- Paragraph interpreting the key results of the event study
- Tables documenting the inputs and parameters used for this study
The Damages Estimate Report provides an estimate of aggregate damages based on the Custom Event Study and the input provided for Class Start Date, Number of Shares Float (public float), and Number of Insider Shares (to exclude).
The Robustness Checks report shows the sensitivity Baseline Event Study test of significant average abnormal returns to six changes in assumptions. The main output of this report is the table providing summary of the robustness checks. Below this table you paragraph summarizing this table. In addition, a brief description of each robustness test is provided.
Custom Event Study Search
The Custom Event Study uses the assumptions you provided in starting a New Run to determine the returns on the event dates after controlling for changes in the market index and whether these returns are significantly negative on average. If you did not provide any assumptions beyond the minimum requirements, or your assumptions where the same as those used for the Baseline Event Study, the results will be the same.
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