عنوان مقاله English
Nowadays, There are based on investors mostly use beta and risk evaluation criteria of, it bases on the Mean semi variance equation to shows behavior investors in Modern Portfolio Theory. Risk in aforesaid model, is calculated by variance rate of return portfolio. In this day, rely on varied definition of risk in kinds of rate distribution, in framework of downside risk definition, semi variance criterion is appropriate substituting in subject risk evaluation to variance criterion. The target is presented by this article to applicator model Mean-Semi Variance in framework of post modern portfolio theory that correlates completely with downside risk definition and investors risk averse foundation, it can be adopt to knows with investors utility function and varied degrees of risk averse.
کلیدواژهها English
