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| AUG 1989
A more conservative estimate of risk by Clifford J. Sherry, Ph.D.
A more conservative estimate of risk by Clifford J. Sherry, Ph.D. Risk is, or at least should be, of interest to all investors. One of the traditional measures of risk is the standard deviation of expected returns (that is, the spread of the expected return around the mean or average expected return). I think that there may be a better, more accurate, measure of risk, assuming that we want to define risk in terms of dispersion First, we need to agree on a few definitions. The first is deviation: ...
by Clifford J. Sherry, Ph.D.
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