Markowitz Portfolio Theory
Price changes vs. Normal distribution
Microsoft - Daily % change 1986-1997
0
100
200
300
400
500
600
-10% -8% -6% -4% -2% 0% 2% 4% 6% 8% 10%
of Days(frequency)
Daily % Change
Markowitz Portfolio Theory
Price changes vs. Normal distribution
Microsoft - Daily % change 1986-1997
0
100
200
300
400
500
600
-10% -8% -6% -4% -2% 0% 2% 4% 6% 8% 10%
Daily % Change