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| Author: | Tominc, P. |
| Title: | Portfolio of securities |
| Journal: | Bancni vestnik
1994 : VOL. 43:10, p. 43-44 |
| Index terms: | |
| Freeterms: | finance, financial market, exchange, investments, securities, portfolio, risk yield, optimization, models |
| Language: | slv |
| Abstract: | A securities market is efficient if the current price of securities is an unbiased indicator of their price in the future.This is the so-called "simple efficiency" or "unbiased hypothesis" (other definitions can be found in literature).In efficient as well as in efficient securities markets, investors usually want to reduce risk by investing in a portfolio of securities.They take into account two major criteria: risk and return.An investment in the portfolio can be optimized by the help of an optimization model including an irrevocable decision which ensures that accuracy is sufficiently highly evaluated in a subjective manner.An optimization model can take into account the minimization of risk measured by the variance of return. |
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