Tirohia te whiti i raro nei, me te ka whakahoki i te pātai i muri i roto i te reo ano rite te whiti: Passage: E whakaaro ana te tauira i te tairongo o te rawa ki te tūponotanga kore-diversifiable (hoki mohiotia rite tūponotanga pūnaha tūponotanga mākete ranei), maha tohu e te rahinga beta (β) i roto i te ahumahi pūtea, me te hoki tūmanako o te mākete, me te hoki tūmanako o te rawa mōrearea-free ariā. whakaaro CAPM he ahua motuhake o ngā taumahi whai hua (i roto i nei anake te tuatahi, me te tuarua ngā wā take, e ko te tūponotanga e whanganga e te rerekētanga, hei tauira, he whai hua whawhati) ranei hoki hua rawa nei tohatoha tūponotanga e tino whakaahuatia e te rua ngā wā tuatahi (hei tauira, te tohatoha noa) me te kore utu tauwhitinga (he mea e tika ana mō te whānuitanga ki te tango atu o te tūponotanga katoa mōrearea idiosyncratic). I raro i enei tikanga, whakaatu CAPM e te utu o te
tūponotanga kore-whakanui