A recent Perspective in Nature issued a call for more transparency in the reporting of preclinical research (1). Although this article focused primarily on experimental design, it emphasized the need for improved reporting in the scientific literature. Within the context of preclinical studies, there have been discussions regarding the appropriate reporting of standard error (SE) and standard d...

We investigate the role of real estate in a mixed-asset portfolio when the maximum drawdown (hereafter MaxDD), rather than the standard deviation, is used as the measure of risk. We argue that the MaxDD concept is one of the most natural measures of risk, and that such a framework can help reconcile the optimal allocations to real estate and the effective allocations by institutional investors....

Mobile network sector is one of the important sectors in Malaysia which provides the network communication services to the users. The investors can get the return through the investment of the mobile network companies which are listed in Malaysia stock market. However, the investors will be exposed to the risk of loss in the investment. The mean-absolute deviation model is a portfolio optimizat...

The present study aims at investigating the relationship between firm specific risk and stock return using cross-sectional quantile regression. In order to study the power of firm specific risk in explaining cross-sectional return, a combination of Fama-Macbeth (1973) model and quantile regression is used. To this aim, a sample of 270 firms listed in Tehran Stock Exchange during 1999-2010 was i...

In this paper we study the possible role of managed futures in portfolios of stocks, bonds, and hedge funds. We find that allocating to managed futures allows investors to achieve a very substantial degree of overall risk reduction at, in terms of expected return, relatively limited costs. Apart from their lower expected return, managed futures appear to be more effective diversifiers than hedg...