The Kelly formula simply and elegantly states that an investor should calculate edge divided by ... to know a few key pieces of information: the probability of winning, the probability of losing ...

The acid-test ratio, also known as the quick ratio, measures the liquidity of a company. Learn how to calculate acid-test ratio here.

The general formula for calculating ROIC ... The article How to Calculate the Return from an Investment Balance Sheet originally appeared on Fool.com. The Motley Fool has no position in any ...

Because the events red and 6 are independent, you can also use the following formula to calculate the joint probability: The symbol “∩” in a joint probability is referred to as an intersection.