An analyst considering 100 securities must estimate [100(99)]/2 = 4,950 unique covariances. For 250 securities, the number

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An analyst considering 100 securities must estimate [100(99)]/2 = 4,950 unique covariances. For 250 securities, the number is [250(249)]/2 = 31,125 unique covariances.

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Investments Analysis And Management

ISBN: 9781118975589

13th Edition

Authors: Charles P. Jones, Gerald R. Jensen

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