8/4/2019 Tailor-Made Portfolio Design using Markowitz efficient frontier thoery

http://slidepdf.com/reader/full/tailor-made-portfolio-design-using-markowitz-efficient-frontier-thoery 1/3

Jggjmp dg @ewjr}egemhpedk dg ^drpgdced hk` ep}

Jggemejkp Grdkpejr

Bu

Pz}lhr 8>@O/87< ]hzrhbl 8>GK/8>2 ]reahkpl 8>GK/8>5 Pz}lhr 8>GK/88: Wearho 8>GK/88< Kealec 8>GK/828 

8/4/2019 Tailor-Made Portfolio Design using Markowitz efficient frontier thoery

http://slidepdf.com/reader/full/tailor-made-portfolio-design-using-markowitz-efficient-frontier-thoery 2/3

8< }pdma} vjrj mld}jk grdo whredz} }jmpdr} dg Ek`ehk jxzepu ohrajp+ Pljer odkplcu ~remj} vjrj

j|prhmpj` grdo MOEJ `hph bh}j gdr plj ~h}p 7> odkpl} ,Izcu 2>>7/Izcu 2>88%# dk plj bh}e} dg vleml

odkplcu rjpzrk} vjrj mhcmzchpj` gdr jhml }pdma+ Ojhk hk` }phk`hr` `jwehpedk dg rjpzrk} dg 7>

odkpl} gdr hcc 8< }pdma} vjrj mhcmzchpj`+ Hc}d ojhk hk` }phk`hr` `jwehpedk vh} mhcmzchpj` dk hk

hkkzhc bh}e} gdr hcc plj }pdma}+

Kj|p z}ekf plj j|mjc mdrrjchpedk pddc# mdrrjchpedk vh} mhcmzchpj` gdr hcc ~her dg }pdma}+ Dk plj bh}e} dg mdrrjchpedk hk` hkkzhc }phk`hr` `jwehpedk} mhcmzchpj`# mdwhrehkmj vh} mhcmzchpj` gdr hcc plj ~her} dg 

}pdma}+

Pljk h ~drpgdced vh} mrjhpj` vepl jxzhc vjeflp hfj fewjk pd hcc plj }pdma} e+j+ :+:*+ Pdphc ~drpgdced

mdwhrehkmj vh} mhcmzchpj` bu }zooekf z~ plj ek`ewe`zhc mdwhrehkmj dg }pdma} ek plj fewjk ~drpgdced+

Hc}d plj ~drpgdced ojhk hk` }phk`hr` `jwehpedk vh} mhcmzchpj`+

Ch}pcu z}ekf plj whczj} mhcmzchpj` hbdwj hk` z}ekf plj }dcwjr gzkmpedk dg j|mjc# plj vjeflp dg jhml

}pdma ek plj ~drpgdced vh} mhcmzchpj` }d h} pd oekeoeyj plj re}a hp h fewjk rjxzerj` rhpj dg rjpzrk+

Gdccdvekf e} plj frh~l }ldvekf plj rjchpedk}le~ bjpvjjk re}a hk` rjpzrk gdr plj ~drpgdced `jrewj`grdo }dcwjr hkhcu}e}+

Plj hbdwj frh~l ek vleml plj ~drpgdced re}a e} ~cdppj` hfhek}p plj ~drpgdced rjpzrk }ldv} plj jggemejkp

grdkpejr+ Ljrj jhml ~dekp rj~rj}jkp} plj oekeozo re}a plhp mhk bj hmlejwj` gdr h fewjk ~jrmjkphfj

dg rjxzerj` rjpzrk+ Ep mhk bj db}jrwj` plhp ~drpgdced} vepl rjpzrk} cj}} plhk 20* hrj lhwekf h frjhpjr

re}a plhk plj ~drpgdced vleml fewj} h 20* rjpzrk+ Ljkmj plju hrj zk`j}erhbcj hk` vdk―p bj ~rjgjrrj`

bu h re}a hwjr}j ekwj}pdr+ Plj ~drpgdced vleml fewj} h 20* rjpzrk e} hc}d mhccj` plj fcdbhc jggemejkp

grdkpejr+ Plj ~drpgdced} fewekf h rjpzrk lefljr plhk 20* mhrru re}a plhp e} lefljr plhk plj re}a mhrrej`

bu plj ~drpgdced plhp fewj} 20* rjpzrk+ Ljkmj `j~jk`ekf dk plj re}a h~~jpepj dg plj ekwj}pdr lj mdzc`

mldd}j plj ~drpgdced plhp }zep} leo plj bj}p+

>+>>

:+>>

8>+>>

8:+>>

2>+>>

2:+>>

=>+>>

=:+>>

0>+>>

0:+>>

> : 8> 8: 2> 2: => =: 0> 0: :>

   ^   d   r    g   d    c   e   d   r   j   p   r   z   k   *

 

^drpgdced Re}a *

8/4/2019 Tailor-Made Portfolio Design using Markowitz efficient frontier thoery

http://slidepdf.com/reader/full/tailor-made-portfolio-design-using-markowitz-efficient-frontier-thoery 3/3

]d# vlhp―} pljrj ek ep gdr hk ekwj}pdr4 

Dzr Jggemejkp Ohrajp Grdkpejr vecc }zffj}p hk h~~rd~rehpj ~drpgdced bh}j` dk plj hbdwj }pdma} pd

ojjp plj `j}erj` j|~jmpj` rjpzrk dg ekwj}pdr hp plj cdvj}p ~d}}ebcj cjwjc dg re}a dr pd oh|eoeyj plj

rjpzrk} hp h xzdpj` cjwjc dg re}a bu plj ekwj}pdr+

H} ~drpgdced ohkhfjr}# vj vecc bj mdkpekzdz}cu odkepdrekf plj mdrrjchpedk} bjpvjjk }~jmegej` }pdma}

h} vjcc h} plj ~jrgdrohkmj dg ek`ewe`zhc }pdma} hk` hmmdr`ekfcu ohaj kjmj}}hru mlhkfj} pd plj

~drpgdced gdr ojjpekf re}a/rjpzrk `johk`} dg dzr ekwj}pdr}+