Examlex
Friendships are usually the first relationships a person forms outside of the family.
Expected Returns
The anticipated profit or loss from an investment, based on projections or historical data.
Variances of Returns
A statistical measure of the dispersion of returns for a given security or market index, often used to quantify risk.
Mean-Variance Efficient Portfolio
A portfolio constructed to have the highest possible return for a given level of risk, or equivalently, the lowest risk for a given level of expected return, according to Harry Markowitz's theory.
Firm-Specific Variances
Variability in a firm's stock price or returns that is attributable to factors unique to that firm, as opposed to general market factors.
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