The standard deviation of the portfolio always is equal to the weighted average of the standard deviations

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The standard deviation of the portfolio always is equal to the weighted average of the standard deviations of the assets in the portfolio.” True or false?
Portfolio
A portfolio is a grouping of financial assets such as stocks, bonds, commodities, currencies and cash equivalents, as well as their fund counterparts, including mutual, exchange-traded and closed funds. A portfolio can also consist of non-publicly...
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Investments

ISBN: 978-0071338875

8th Canadian Edition

Authors: Zvi Bodie, Alex Kane, Alan Marcus, Stylianos Perrakis, Peter

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