For me its my first attempt and it proved very difficult indeed. I agree with @Banu on the ratio of Theory to Calculations. I had invested a lot in the calculations and the formulas. But Biornic Turtle questioning level is very close, thanks David.
I hope this is the correct platform for my question.
Will it be correct to picture leverage of a firm from the perspective of market turnover(bullish or bearish market) as follows:
if the market is bullish, ie, high turnover, then high volatility implying high leverage AND if bearish...