tangent portfolio是什么

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  • The CAPM is a model for pricing an individual security or portfolio.

    :Please surf: wiki.mbalib.com/wiki/ ( 资本资产定价模型 )

    Tangency Portfolio=Modern portfolio theory states that

    there is an optimal combination of risky assets that will maximize

    return at each level of risk. The tangency portfolio combines this

    optimal combination of risky assets with a risk-free asset.

    Market Portfolio=The market portfolio is a portfolio consisting of all securities where

    the proportion invested in each security correspons to its relative

    market value. The relative market value of a security is simply equal

    to the aggreagte market value of the security divided by the sum of the

    aggregate market values of all securities.