Question $23(1$ point$)$

The most important determinant of an investment portfolio risk is which of the following?

The correlation of each individual investment's return distribution relative to other portfolio investments

The standard deviation of each individual investment's return distribution $($standalone risk$)$ added across all portfolio investments

The overall amount of the portfolio investment

The variance of each individual investment's return distribution $($stand$-$alone risk$)$ added across all portfolio investments