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Which of the following statements are true ( multiple true statements possible) 1. a simple approach to portfolio weight selection is to assign weights inversely

Which of the following statements are true ( multiple true statements possible)

1. a simple approach to portfolio weight selection is to assign weights inversely proportional to the volatility

2. the volatility of an asset can be estimated using the variance of the observed prices.

3. the volatility of an asset can be estimated using the standard deviation of observed prices

4. the volatility measures the idiosyncratic risk of an asset

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