An educational example is presented that is an effective teaching illustration to help students understand the difference between traditional CAPM beta and downside (or down-market) beta and why downside beta is a superior measure for use in personal financial planning investment policy statements.
CITATION STYLE
Chong, J. T., Jennings, W. P., & Phillips, G. M. (2013). Why Downside Beta Is Better: An Educational Example. American Journal of Business Education (AJBE), 6(3), 371–374. https://doi.org/10.19030/ajbe.v6i3.7817
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