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Excess return on the market portfolio |
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Excess return on the market portfolioDifference between the return on the market portfolio and the riskless rate.Excess return on the market portfolio Similar MatchesPortfolio variancePortfolio varianceWeighted sum of the covariance and variances of the assets in a portfolio. Passive portfolioPassive portfolioA market index portfolio. Characteristic portfolioCharacteristic portfolioA portfolio which efficiently represents a particular asset characteristic. For a given characteristic, it is the minimum risk portfolio, with portfolio characteristic equal to 1. For example, the characteristic portfolio of asset betas is the benchmark. It is the minimum risk beta = 1 portfolio. Portfolio approachPortfolio approachAn approach to explaining exchange rates that stresses their role in changing the proportions of different currency-denominated assets in portfolios. The exchange rate adjusts to equate these proportions to desired levels. Diversified portfolioDiversified portfolioA portfolio that includes a variety of assets whose prices are not likely all to change together. In international economics, this usually means holding assets denominated in different currencies. Further SuggestionsModern portfolio theoryportfolio Complete portfolio Hedged portfolio Portfolio opportunity set Feasible set of portfolios Portfolio Passive portfolio strategy Levered portfolio Select ten portfolio Inefficient portfolio Zero investment portfolio Replicating portfolio Portfolio turnover rate Portfolio investment Portfolio capital Factor portfolio Portfolio flow protected portfolio Foreign portfolio investment Normal portfolio Well diversified portfolio Duplicative portfolio Portfolio Tilted portfolio |
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