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Characterizing_Risk_and_Return_TRNS

Characterizing_Risk_and_Return_TRNS - Characterizing Risk...

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Characterizing Risk and Return Professor Gideon Saar Johnson School Cornell University Johnson School, Cornell University Outline Risky securities: random variables. Reward: expected return. Risk: Variance and standard deviation. » Pros and Cons. Shortfall probability. – Semivariance. – Value-at-Risk. I t f i k d t Copyright 2009, Prof. Gideon Saar, All rights reserved/Characterizing Risk and Return Investors’ preferences over risk and return: Mean-Variance Preferences. Dominance rules. Indifference curves.
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