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Global Minimum Variance Portfolio
An investment portfolio that is designed to have the lowest risk (variance) for a given rate of return, by optimizing the allocation of assets.
Correlation Coefficient
A statistic in which the covariance is scaled to a value between −1 (perfect negative correlation) and +1 (perfect positive correlation).
Minimum Variance Portfolio
A portfolio constructed to achieve the lowest possible volatility or variability in returns among a set of potential assets.
Standard Deviation
A statistical measure that quantifies the dispersion or variability of a set of data points or investment returns around their mean (average).
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