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Hi @Nicole Seaman, many thanks! Was a big pleasure again this week to help here and there in the forum. I would like to go for the Amazon gift card. Thanks!

Honestly speaking this is a very difficult topic and should be treated with highest caution. I just came across a paper by Richard Roll called 'Mean/Variance Analysis of Tracking Error.'...

Actually M2 is covered in many books and I do think that in order to hammer home the message it is best to watch Leah's video. From an exam perspective I would not worry to much about it as it is sort of an advanced performance measure which is very unlikely to be tested in great depth. And it...

Irrespective of the above figures, if you manage to understand the core mandatory FRM reading 'Portfolio Theory and Performance Analysis' by Noel Amenc (page 121 onwards) where M^2 is explained, you will be fine. In addition, far better is Leah's explanation (please see the link for the video...

The video about RAPM should be accesible, Leah Modigliani exaplains the M^2-Measure in great detail. http://www.iijournals.com/doi/pdfplus/10.3905/jpm.23.2.45

ok, thanks for sharing!

no, not yet. It takes ages apparently. They shipped it (or said so) on 30 March and I can't imagine why a casual letter from the States takes more than 3 weeks to be delivered to Europe?

Ok, brilliant, David. As the exam is approaching and the forum will be very busy I will try to manage it myself!

Again, my recommendation for Francis' book was totally independent from your upload to the forum. Did not even know that you have attached it. Excellent stuff! By the way, even if this is quite a bold question: have you modelled/replicated Chapter 17 (Portfolio Construction & Selection) of...

Many thanks, @Nicole Seaman! Could not be more happy to winner the of the week again. I will go for the Amazon gift card please.

Hi @David Harper CFA FRM, I also think Amenc is still a valuable reading, even if it does NOT come with a lot of background (derivation) etc. about performance measures it summarises some pros and cons of the measures in quite a good fashion. For the keen FRM exam taker or mere forum reader I...

Hi @David Harper CFA FRM, I want to kick off the following discussion about the intercept term in an OLS regression (except our well known and familiar interpretation in a CAPM setting). In case an OLS regression yields a positive or negative intercept which is significant what does this imply...

to cover both forum posts: Actually this is question is a tricky one and I would like to dig a bit deeper here in order to be crystal-clear. The notation with Asset A and Asset B for the market portfolio and simultaneously being A and B as well for the investors weights is misleading!! In a...

Actually this is question is a tricky one and I would like to dig a bit deeper here in order to be crystal-clear. The notation with Asset A and Asset B for the market portfolio and simultaneously being A and B as well for the investors weights is misleading!! In a sense the most critical part...

this has already been discussed here: https://forum.bionicturtle.com/threads/p1-t1-elton_ch13-xlxm-capm-sml.10128/

No help/input at all?