Download Film Tanah Air Beta Dvd
Eui Grey
Film tidak sekadar sebagai media yang sangat komunikatif, namun juga mampu
menghadirkan kembali realitas yang ada ke dalam sebuah karya seni. Selain itu,
film juga digunakan sebagai alat propaganda yang diyakini cukup efektif. Tanah
Air Beta merupakan sebuah film propaganda dari sineas dan tim untuk mengajak
masyarakat Indonesia menilik dan mengukur rasa cinta terhadap tanah air.
Penelitian ini bertujuan mengetahui representasi nasionalisme warga eks-Timor
Leste dalam film Tanah Air Beta. Teori yang digunakan dalam penelitian ini
adalah teori representasi dari Stuart Hall dan teori nasionalisme dari Benedict
Anderson. Tipe penelitian ini adalah deskriptif-kualitatif dengan analisis
semiotika Roland Barthes yang berusaha mengungkapkan makna yang
tersembunyi di balik sebuah tanda, untuk meneliti dan mengkaji tanda-tanda di
dalam film.
Temuan penelitian ini menunjukan bahwa Tanah Air Beta
merepresentasikan nasionalisme sebagai sebuah bangsa yang pada hakekatnya
terbatas dan bangsa yang dibayangkan menjadi komunitas. Hal-hal tersebut dapat
dilihat melalui tanda-tanda seperti dialog, kostum, penampilan, dan gambar yang
berada di dalam film. Nasionalisme yang dikemas rapih dalam konteks keluarga
ini menunjukkan bahwa perbedaan etnis tidak menghalangi pencapaian cita-cita
untuk kesatuan dan persatuan bangsa. Namun di sisi lain, nasionalisme dalam film
ini juga ditunjukkan sebagai sebuah proses panjang yang harus dilalui, harga
mahal yang harus dibayar, dan nasionalisme juga dibentuk melalui sebuah
hukuman.
Disarankan kepada para pembuat film untuk lebih mengembangkan
konsep dan cara penyampaian nasionalisme dengan lebih variatif. Sehingga,
mampu menggugah hati masyarakat untuk peduli terhadap bangsa.
Kata Kunci: Representasi, Nasionalisme, Referendum Timor Leste, dan Anakanak.
We often talk about Gold as negative beta or a hedge against inflation, recession. Also it is often mentioned as a back up currency. It would be great if you could demystify Gold as an asset class in itselt without the securitization affect.
Thanks for making it clear. I often used to think a lot about beta and try to search answers in various text books or try to seek help from my faculties but my query has never been solved. On my question of negative beta they told me to vary the length of time period till you get positive beta or otherwise use "Risk free rate+Risk Premium" formula for that stock. And all these seemed so unrealistic and awkward which made me think that all these concept are made to fool individuals.
However I want to know only one thing that in bottom up beta what should be the criteria to select a time period for the stocks before calculating their individual betas and removing the leverage effect from the stocks.
Dear Prof Damodaran
I would like to ask you a question.
(not linked to the topic)
For example, we calculate the NPV of a project at time 0. Three years pass, and we want to calculate the NPV of this project again (at the end of the 3rd year). How do we have to treat the outlays made within these 3 years? Do we have to include them in the NPV calculation? If yes, how we should discount them (or compound?)?
Thank you for your answer in advance
Vadim
NPV is always forward looking. Thus, cash flows that have already occurred will not be part of the computation - they are not incremental.
AS for demystifying gold, I am afraid I cannot do it, because the allure of gold is based on mystery going back as far as time stretches. My guess is that at the time of its choice, there were other competitors but gold won out.
Hello Prof. Damodaran,
I am a bit confused about the following statement you made in your blog.
"By that definition, any investment that when added to a portfolio, makes the overall risk of the portfolio go down, has a negative beta."
Wouldn't the portfolio beta also go down if I add an investment of lower beta than the overall portfolio beta. e.g. a stock of beta 0.75 if added to a portfolio of beta 1.5 would still reduce the overall portfolio risk.
OK betas can be negative.
But then what is the cost of capital for a firm with a negative beta?
Can a firm's cost of equity indeed be less than its cost of debt?
I'm not sure of the answer. On the one hand, I'd say, no: equity is always riskier than debt and commands a higher expected return. But if I measure the cost of equity with the CAPM, the answer has to be, yes.
Is the CAPM applicable in this case?
When a stock has a beta greater than one, it is perceived to be riskier than the index (with an obvious upside of being able to generate a return in excess of the index). However, would the analogy hold if the beta were in fact negative?
To paraphrase, are stocks that have a Beta of greater than one and less than zero riskier than the index, or is it the stocks that have a Beta of greater than one, and less than negative one that are riskier?
Greetings Prof.
Good point to discuss guyz. Theortically, we arive at beta by dividing the covariance between the Asset (security) and market portfolio by variance of the market portfolio.
So, anytime you see an asset having negative covariance with the market portfoliio, you would eventually see a negative beta.
This scenario is rare just because an asset rarely displays a negative covariance with the group it is a part of.
Beta is nothing but the slope of a linear equation where Y axis (Independent Variable) could be an Index like S&P 500 and X axis (dependent variable)could be MS ( Microsoft.
Imagine Beta as Duration in the Bonds, which practically can never be negative.
Imgaine Beta here as "Duratiion" in the Fixed Income.
I am MBA finance student from India. Sir I have listened to the first 11 of your lectures on corporate finance and will finish the rest in a few days. Sir there was a viva in our college, I was asked that can Beta be negative? My answer was yes and I also told them that in such a case the cost of equity will be less than risk free rate and people might hold such shares as a measure of insurance on the market. The next question was a company due to its bad management has negative beta for the last 1 yr., what should be the cost of equity? I said for that period the cost of equity will be less than risk free rate according to the capm, but they are not agreeing to it at all, there point is cost of equity can never be negative. Sir can you please share your views on this?
Eagerly waiting for your reply
I am MBA finance student from India. Sir I have listened to the first 11 of your lectures on corporate finance and will finish the rest in a few days. Sir there was a viva in our college, I was asked that can Beta be negative? My answer was yes and I also told them that in such a case the cost of equity will be less than risk free rate and people might hold such shares as a measure of insurance on the market. The next question was a company due to its bad management has negative beta for the last 1 yr., what should be the cost of equity? I said for that period the cost of equity will be less than risk free rate according to the capm, but they are not agreeing to it at all, there point is cost of equity can never be less than risk free rate. Sir can you please share your views on this?
Eagerly waiting for your reply
Hello,
I agree that stocks can have negative betas on certain occasions. However, a negative beta upsets the CAPM model and ideology. How?
The CAPM says there is a risk free rate (rf) to which a risk premium (rm * beta) is added. The total of rf and rm*beta gives the exp. rate of return. Now if the beta is negative then the exp. rate of return will be less than risk free rate like rightly said by Prof. Damodaran. So exp. return < risk free rate is actually meaningless because you expect atleast that much return for a risk free asset. This is one big flaw which makes CAPM irrelevant and not applicable for negative betas.
Similarly when you say risk premium you are denoting an addition or positive value. A negative beta means subtraction or reduction - which is contradicting the fundamental ideology and logic of CAPM.
Its not possible for a model (particularly CAPM) to predict the expected rate of return from a stock or a portfolio.
The possibility of a decrease in the worth of a protection plan device resulting from a decrease in the worth of the assets incorporated in the investment profile underlying the insurance device.
This reduction can also be affected by a modify in the interest rate.
Investing in Insurance Risk
I think it's hard to find a true negative beta stock because for any good (even insurance type goods like gold, guns, ammunition, doomsday prep stuff), there is a chunk of the population more willing to buy the good when times are good. I.E. some guy who goes out and spends a christmas bonus on gold/guns. This is what makes finding a non-financial/derivative negative beta stock so hard.
Would it be possible that a stock has a true negative beta if the majority of the company's equity value is in cash and equivalents, in which the most is held in short term investments returning a higher rate (say 3.5% in China vs. 1% in US)?
Just a question regarding impact of beta on security... Assume that the market gains 100%, in the same period, what will happen to a stocks having beta 2, 1, 0.5, 0, -0.5 and -1. Also, can beta go below -1, and if yes what will be the significance???
respected sir,
I would like to ask you a question.
If S.D of two securities have been given, also beta of these two securities have been given and also S.D of market has been given, is it possible to find out correlation between these two securities. is it possible to find out S.D of the portfolio which consists these two securities?
If yes please suggest the method.