Examlex
The two types of proprietary funds include:
Variance of Returns
A statistical measure that captures the dispersion or spread of an asset's returns around its mean or average return.
Arbitrage Opportunity
The opportunity to purchase a financial instrument at a reduced cost in one marketplace and sell it at an elevated price in a different marketplace to capitalize on the discrepancy between the two prices.
Risk-Free Rate
The theoretical return on an investment with zero risk, often represented by the yield on government securities such as U.S. Treasury bills.
Expected Return
The weighted average of all possible returns for an investment, taking into account the probabilities of each outcome, and a key concept in portfolio management and capital budgeting.
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