We present four methods of assessing the diversification potential within a stock market, and two of these are based on … consistent picture. The potential for diversification declined almost monotonically in the three years prior to the 2008 …, the diversification potential declined even further in the 2011 European debt crisis and the American credit downgrade. …

In this paper, we study the aggregated risk from dependent risk factors under the multivariate Extreme Value Theory … from dependent risk factors. Moreover, we examine the diversification effects under this setup …

values and the number of assets in which a trader is invested. A theory based on simple mean-variance portfolio optimization …

diversification, and holdings of an employer's stock. We find that each of these variables is correlated with sophistication, with …

This paper examines the relation between equity portfolio diversification choices of individual investors and stock … diversification clientele based portfolios can explain cross-sectional variations in returns for a considerable subset of stocks. The … diversification choices of individual investors influence stock returns …

financial education fosters international diversification, and that its role is particularly pronounced where information …

correlation explains both the limited diversification property and the portfolio inertia property in household portfolios and … retirement accounts. We further provide simulation evidences of the limited diversification and portfolio inertia feature of the …