Abstract
This chapter discusses a view of risk that, unlike the standard deviation and beta, focuses on the downside faced by investors. Of the several measures that attempt to capture this downside, the focus here is on the semi-deviation, an increasingly popular magnitude that measures volatility below any chosen benchmark.
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© 2011 Javier Estrada
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Estrada, J. (2011). Downside Risk. In: The Essential Financial Toolkit. IESE Business Collection. Palgrave Macmillan, London. https://doi.org/10.1057/9780230295193_6
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DOI: https://doi.org/10.1057/9780230295193_6
Publisher Name: Palgrave Macmillan, London
Print ISBN: 978-1-349-32888-8
Online ISBN: 978-0-230-29519-3
eBook Packages: Palgrave Economics & Finance CollectionEconomics and Finance (R0)