Journal of Financial and Quantitative Analysis Vol. 5 No. 2 1970
Diversification and the Reduction of Dispersion: A Note
Abstract
Recently, several researchers, including Evans, Archer [1], Latané, and Young [2], have performed empirical analyses of the relationship between the number of securities in a portfolio and the reduction in portfolio dispersion. In this note, an exact mathematical relationship between these two factors is presented.
- DOI
- 10.2307/2329850
- Volume
- 5
- Issue
- 2
- Pages
- 263
- Sources
- crossref openalex