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Alt. Investments - Real estate
The use of appraised values tends to smooth the returns of appraisal~based indexes relative to market prices. In portfolio optimization models, appraisal~based indexes will tend to have very large weights because of their low volatility and low correlation with important asset-class proxies such as the S&P 500 stock index.
can anyone explain what this means? |
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发表于 2011-7-13 16:18
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