The article describes the Risk and Return from both a theoretical and empirical point of view. The sample is composed by 30 stocks listed on the Italian Stock Exchange, its behaviour examined between 1997 and 2001. We have found the variables Risk and Return, if analyzed separately, do not explain the problem. Therefore we introduced an Indicator (Sintetizzatore di Apprezzabilità del Titolo - SAT)able to summarize both the Risk and Return variables. Finally, we demonstrate that such indicator explains better the Risk and Return variables, driving the portfolio's choice because of its role as a mediator in this analysis.
L'analisi rischio-rendimento di un portafoglio titoli quotati sul mercato azionario italiano
Rossi F
2005-01-01
Abstract
The article describes the Risk and Return from both a theoretical and empirical point of view. The sample is composed by 30 stocks listed on the Italian Stock Exchange, its behaviour examined between 1997 and 2001. We have found the variables Risk and Return, if analyzed separately, do not explain the problem. Therefore we introduced an Indicator (Sintetizzatore di Apprezzabilità del Titolo - SAT)able to summarize both the Risk and Return variables. Finally, we demonstrate that such indicator explains better the Risk and Return variables, driving the portfolio's choice because of its role as a mediator in this analysis.File in questo prodotto:
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