March 2005
Intermediate to advanced
264 pages
6h 55m
English
Chart 1.1 shows the relationships between average percentage gains during rising months for mutual funds of various volatility levels (range of price fluctuations) and the average percentage loss during declining market months, 1983 to 2003. For example, the most volatile segment of the mutual fund universe employed in this study (Group 9) gained just less than 3% during months that the average fund in that group advanced, and incurred an average loss of just less than 2% during months that the average fund in that group declined. As a comparison, funds in Group 1, the least volatile segment of this mutual fund universe, advanced by approximately 1.2% ...
Read now
Unlock full access