ANNAERT, Jan; CLAES, Anouk G.P.; CEUSTER, Marc J.K. DE - Faculteit Toegepaste Economische Wetenschappen, … - 2003
Some years ago, Crack and Ledoit (1996) discovered a strikingly geometric structure when plotting US stock returns against themselves. Since this pattern, in which lines radiating from the origin pop up, resembles the navigating tool it was named “Compass Rose”. Although authors differ in...