, most previous analysis has focused on regional diversification by applying the traditional mean-variance (MV) framework … appealing downside risk (DR) framework suggested by Estrada (2008), which applies a similar optimization algorithm as the MV …

Gaston Michel investigates whether shocks to real estate markets constitute an important source of the risk that is … priced in the cross section of equity returns. His results document that real estate risk explains a large part of the cross … pricing story: higher asset returns must be associated with lower prices and higher risk exposure. In particular, he …

these stocks in diversifying portfolios, analyzing their return potential and risk profiles. Our analysis includes various … investment scenarios, focusing on common AI-related stocks in the United States. We explore the influence of risk management …