- Tytuł:
-
Alternatywne względem ujęcia Markowitza podejście do szacowania stopy zwrotu z portfela
Alternative Formulation of Rate-of-Return Estimation in Comparison with Markowitz Approach - Autorzy:
-
Stachura, Michał
Wodecka, Barbara - Powiązania:
- https://bibliotekanauki.pl/articles/589711.pdf
- Data publikacji:
- 2013
- Wydawca:
- Uniwersytet Ekonomiczny w Katowicach
- Tematy:
-
Analiza portfelowa
Stopa zwrotu akcji
Teoria portfelowa Markowitza
Markowitz portfolio theory
Portfolio analysis
Stock rate of returns - Opis:
- In the study, two approaches of rate-of-return estimation are compared. One of them, that predominates in practice and that is called by the authors heterogeneous, refers to a separate rate-of-return estimation for every individual asset, and then to an interpolation of obtained values in order to asses rate of return for any portfolio with priorly given proportions of assets. The heterogeneous approach is based on premises concerning a proper method of rate-of-return estimation for individual assets, and a specific method of interpolating estimates for any portfolio as well. In contrast, the other approach, called homogeneous, refers to uniform treatment of all portfolios without exceptions, which leads to a direct rate-of-return estimation for any portfolio with priorly given proportions of assets. The essence of both approaches and discrepancies between them are illustrated with use of properly chosen examples (arbitrary and empirical). Examples' analysis indicates some advantage of the homogeneous approach over the heterogeneous one.
- Źródło:
-
Studia Ekonomiczne; 2013, 154; 92-101
2083-8611 - Pojawia się w:
- Studia Ekonomiczne
- Dostawca treści:
- Biblioteka Nauki
Artykuł