portfolio theory, Portfolio Management

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‘If correlation among security returns were perfect-if returns of all securities moved up and down together in perfect unison, diversification could do nothing to eliminate risk. The fact that security returns are highly correlated, but not perfectly correlated, implies that diversification can reduce risk but not eliminate it'' Markovitz(1981).

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S.D, WAHAT IS RISK ANALYSIS

WAHAT IS RISK ANALYSIS

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