, their discount factors and attitudes towards risk) on the volatility equity prices. We briefly summarize some of the …

To obtain the maximum benefits from diversification, financial theory suggests that investors should invest … internationally because of the larger potential for risk reduction stemming, from the lower correlation existing between assets of …

the fund company to use its judgment to maximize risk-adjusted fund returns. A fund company, however, in its desire to …

buying recent winners and shorting recent losers appears profitable in the post 1945 era. In contrast, the risk exposure of … such a strategy has not been well understood; the strategy's unconditional average risk exposure can be deceptive. The … accordance with the performance of the common risk factors during the periods in which stocks were ranked to determine their …