Portfolio Mathematics (2025 CFA® Level I Exam – Quantitative Methods – Learning Module 5)
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Topic 1 – Quantitative Methods
Learning Module 5 – Portfolio Mathematics
LOS : Calculate and interpret the expected value, variance, standard deviation, covariances, and correlations of portfolio returns.
LOS : Calculate and interpret the covariance and correlation of portfolio returns using a joint probability function for returns.
LOS : Define shortfall risk, calculate the safety-first ratio, and identify an optimal portfolio using Roy’s safety-first criterion.
