The goal of Portfolio Rebalancing is to provide mathematical and
empirical analysis of the effects of portfolio rebalancing on
portfolio returns and risks. The mathematical analysis answers the
question of when and why fixed-weight portfolios might outperform
buy-and-hold portfolios based on volatilities and returns. The
empirical analysis, aided by mathematical insights, will examine
the effects of portfolio rebalancing in capital markets for asset
allocation portfolios and portfolios of stocks, bonds, and
commodities.
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