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Formulating an equally weighted stock portfolio based on downside risk (Sortino Ratio)

OSF Authors · osf
OSF · Papers
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economicsfinanceportfoliosocial-and-behavioral-sciences
Investors commonly use historical risk-adjusted performance measures to guide stock choice, yet it remains unclear whether limiting risk analysis to downside volatility only can reliably identify stocks that will deliver increased future returns. This study examined whether the Sortino ratio, a meas
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