Practical risk-adjusted performance measurement /

• Κύριος συγγραφέας: Bacon, Carl R.
• Μορφή: Ηλ. βιβλίο
• Γλώσσα: English
• Έκδοση: West Sussex : Wiley, 2012.
• Σειρά: Wiley finance
• Θέματα: Financial risk management.; Performance standards.; Risk management.; BUSINESS & ECONOMICS > Finance.; Electronic books.

 A practitioner's guide to ex-post performance measurement techniques Risk within asset management firms has an undeserved reputation for being an overly complex, mathematical subject. This book simplifies the subject and demonstrates with practical examples that risk is perfectly straightforward and not as complicated as it might seem. Unlike most books written on portfolio risk, which generally focus on ex-ante risk from an academic perspective using complicated language and no worked examples, this book focuses on ex-post risk from a buy side, asset management, risk practitioners perspective. 

 Cover; Series Page; Title Page; Copyright; Dedication; Preface; Acknowledgements; Chapter 1: Introduction; DEFINITION OF RISK; Chapter 2: Descriptive Statistics; Mean (or arithmetic mean); Annualised return; Continuously compounded returns (or log returns); Winsorised mean; Mean absolute deviation (or mean deviation); Variance; Mean difference (absolute mean difference or Gini mean difference); Relative mean difference; Bessel's correction (population or sample, n or n{u2212}1); Sample variance; Standard deviation (variability or volatility); Annualised risk (or time aggregation).