What are the differences between bottom-up and top-down


  • What are the differences between bottom-up and top-down approaches to security valuation? What are the advantages of a top-down approach? 
  • Why does it make intuitive sense that the slope of the yield curve is considered a leading economic indicator? 
  • Which one of the following firms would be described as having below-average sensitivity to the state of the economy?

  1. An asset play firm
  2. A cyclical firm
  3. A defensive firm
  4. A stalwart firm

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Accounting Basics: What are the differences between bottom-up and top-down
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