How come portfolio T’s Active Risk squared is not equal to total active factor risk + active specific risk?
im wondering the same. and with those 2 other components they have in the chart it doesnt add up to 100%. weird.
How come portfolio T’s Active Risk squared is not equal to total active factor risk + active specific risk?
im wondering the same. and with those 2 other components they have in the chart it doesnt add up to 100%. weird.