Find out how to interpret stocks and portfolios through a security market line, or SML, graph as part of the Capital Asset Pricing Model, or CAPM.

Security Market Line . The security market line (SML) displays the expected return of a security or portfolio. It is a graphical representation of the CAPM formula and plots the relationship ...

For example, we can see that ... but that changed dramatically when more venture capital entered the market. By 2021 and 2022, ... visually, seem more in line with pre-boom times.