Table of Contents
Portfolio Analysis
A. Mean (Expost) vs.
Expected (Exante)
B. Expected Return of a Portfolio
Portfolio Analysis
A. The Dominance Principle
Dominance Principle Example
B. Diversification
Risk
Diversification
3. Markowitz Diversification
3. Markowitz Diversification (continued)
3. Markowitz Diversification (continued)
3. Markowitz Diversification (continued)
Perfect Positive Correlation
Perfect Positive Correlation (continued)
Perfect Positive Correlation (continued)
Zero Correlation
Zero Correlation (continued)
Negative Correlation
Negative Correlation (continued)
Markowitz Diversification
Efficient Frontier Graph
Efficient Frontier
Efficient Frontier (continued)
Efficient Frontier (continued)
Efficient Frontier (continued)
Efficient Frontier (continued)
5. The Portfolio Investment |