geographical diversification have been subjected to test. The validation of the said theory has been made via hypothesis testing in …The paper is an empirical research work wherein the principle of Modern Portfolio Theory along with aspects of …

Diversification is a fundamental topic for all investors but there remains little agreement on how to measure it. Often … maximising diversification with minimising risk instability, via kurtosis, which presents practical optimisation challenges. In …

, review related metrics in the literature for measuring diversification …

We introduce a new framework for understanding portfolio diversification that provides a coherent basis for comparing … methodologies and offers a new approach to portfolio construction. The primary argument is that measures of diversification based … import. To resolve this we propose that the purpose of diversification is most helpfully viewed as reducing the variance of …

where diversification is undesirable. When the portfolio’s main growth engine performs well, investors prefer the opposite … of diversification. An ideal complement to the growth engine would provide diversification when it performs poorly and … diversification. In other words, diversification often disappears when it is most needed. In this article we highlight a fundamental …