IF THE MKT IS EXPECTED TO BE HIGHLY VOLATILE , BUT MORE OR LESS FLAT, WE’D BETTER CHOOSE CONSTANT MIX STRATEGY. WHAT DOES"BUT MORE OR LESS FLAT," REALLY MEAN?
If it’s volatile and upward or downward trending, constant mix doesn’t work well.
it means that it gyrates up and down but ends up where it started. The price of X goes from 100 to 120 to 100 to 80 to 100. It’s volatile but more or less flat. I HOPE THAT HELPS!
“More or Less Flat” simply means “not exhibiting any strong trend, whether up or down”. (More or less is a qualifier meaning it is not exactly flat, but rather relatively flat).