portfolio

Practitioners and academics believe holding a diversified portfolio provides investors a higher rate of return and a lower level of risk. Researchers studying portfolio diversification utilize broad market indices of each country to evaluate potential diversification benefits. T…

This manuscript reexamines performance evaluation of managed portfolios. Past measures of portfolio evaluation such as the Sharpe, Treynor, and Jensen measures are subject either to the inability to rank performance based on statistical significance, or are dependent on both a s…