models parameters in different phase of economic situation was the additional aim. Semi-variance was better measure of risk …

rather popular mean semi-variance and mean semi-skewness models. The difference between these models is illustrated via a …

alternative risk measures are not well understood. This paper attempts to compare the sample distribution of the semi-variance … with that of the variance. In particular, the belief that, while there are convincing theoretical reasons to use the semi-variance … are developed to identify situations in which the semi-variance may be preferred to the variance. An empirical example …

well understood. This paper attempts to compare the sample distribution of the semi-variance with that of the variance. In … particular, it explores the belief that while there are convincing theoretical reasons to sue the semi-variance, the volatility … the semi-variance may be preferred to the variable. An empirical application using equity data from emerging markets …

This study examines the financial and statistical properties of the variance and semi variance (SV). Since the mean …-variance approach and its extended mean-semi variance approach assume normality of returns, it has been observed that practical and … computational problems emerged in the cases of portfolio optimization and estimation risk. The reliability of the semi variance has …

negative returns we can test the hypothesis of symmetry. Some applications of this process to expected utility and semi-variance …