A statistical measure of how much the returns on two risky assets move together. In other words, it expresses the...
The proposition that an investor should choose the portfolio with the highest expected return for a specific degree of risk....
The proposition that an investor should choose the portfolio with the highest expected return for a specific degree of risk....
A covariance forward contract of two underlying prices/rates. This swap pays the excess of the realized covariance between two assets (such as currencies) over a constant...