Springer Texts in Business and Economics: An Introduction to Return and Risk Measurement

Marty, Wolfgang

This textbook first introduces the reader to return measurement and then goes on to compare the time-weighted rate of return (TWR) with the money-weighted rate of return (MWR). To emphasize the importance of risk in conjunction with return, different tracking errors are analyzed and ex-post versus ex-ante risk figures are compared. The author then proceeds to modern portfolio theory (MPT) and illustrates how the constraints interfere substantially in the construction of optimized portfolios. As a conclusion, the book provides the reader with all the essential aspects of investment controlling.

Details

Published by: Springer

Publication Date: 2015-10-16

Format: Hardcover

ISBN-13: 9783319198118

DOI: 10.1007/978-3-319-19812-5

Dimensions: 235cm x155cm

Pages: 204