▁The ▁Capital ▁As set ▁Pr icing ▁Model ▁( C AP M ), ▁Short - s ale ▁Rest rict ions ▁and ▁Rel ated ▁Iss ues , ▁Journal ▁of ▁Fin ance , ▁ 3 2 ▁( 1 7 7 ) ▁▁▁▁ ▁Stone , ▁Bern ell ▁K . ▁( 1 9 7 0 ) ▁R isk , ▁Return , ▁and ▁Equ ilib rium : ▁A ▁General ▁Single - Period ▁Theory ▁of ▁As set ▁Selection ▁and ▁Capital - Mark et ▁Equ ilib rium . ▁ ▁Cambridge : ▁M IT ▁Press . ▁▁▁▁ ▁Tre yn or , ▁Jack ▁L . ▁( 1 9 6 2 ). ▁Tow ard ▁a ▁Theory ▁of ▁Market ▁Value ▁of ▁Ris ky ▁As sets ' '. ▁Un pub lished ▁manuscript . ▁ ▁A ▁final ▁version ▁was ▁published ▁in ▁ 1 9 9 9 , ▁in ▁As set ▁Pr icing ▁and ▁Port folio ▁Performance : ▁Mod els , ▁Str ategy ▁and ▁Performance ▁Met rics . ▁Robert ▁A . ▁Kor aj czy k ▁( editor ) ▁London : ▁R isk ▁Books , ▁pp .   1 5 – 2 2 . ▁▁▁ ▁Category : Fin an cial ▁risk ▁model ing ▁Category : Fin an cial ▁mark ets ▁Category : Fin an cial ▁models <0x0A> </s> ▁Bishop dale ▁is ▁a ▁resident ial ▁sub urb ▁located ▁in ▁the ▁north ▁of ▁Christ ch urch , ▁New ▁Zealand . ▁ ▁History ▁The ▁sub urb ▁is ▁named ▁after ▁the ▁three ▁Bishop ▁brothers , ▁James ▁( 1 8 2 6 – 1 9 1 0 ), ▁Robert ▁( 1 8 2 7