115.100.02.05 Portfolio Management - Reading 52 - 5. Portfolio Risk
5. Portfolio Risk
e. calculate and interpret portfolio standard deviation;
f. describe the effect on a portfolio's risk of investing in assets that are less than perfectly correlated;
What is covariance?
The covariance is an absolute measure of movement and is measured in return units squared.
(There is a ton of applied knowledge in this reading, but nothing to flashcard.)