POST-MODERN PORTFOLIO THEORY - PMPT
A portfolio optimization methodology that uses the downside risk of returns instead of the mean variance of investment returns used by modern portfolio theory. The difference lies in each theory's definition of risk, and how that risk influences expected returns. Post-Modern Portfolio Theory (PMPT) uses the standard deviation of negative returns as the measure of risk, while modern portfolio uses the standard deviation of all returns as a measure of risk.
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Pre-tax yield a bonds needs to hold for its yield to match the yield of a tax-free municipal bond. The measure is used to compare the yield of taxa ...
Per Capita
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Panic Selling
Panic selling is the rapid increase of investment sale, resulting to a severe price decline. Mostly, investors get involved in panic selling when t ...
Private Investment Fund
A financial investment company which meets either of these criteria:
it has less than 100 investors, or
its member inv ...
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