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Testing Modern Portfolio Theory: Diversification and Performance of a Video Game Industry Portfolio
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Del Real, Leonardo Testing Modern Portfolio Theory Comparative Performance of a Video Game Industry Portfolio vs a Well-Diversified Portfolio.pdf
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Del Real, Leonardo Testing Modern Portfolio Theory Comparative Performance of a Video Game Industry Portfolio vs a Well-Diversified Portfolio.pdf (896.9Kb)
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Del Real, Leonardo Testing Modern Portfolio Theory Comparative Performance of a Video Game Industry Portfolio vs a Well-Diversified Portfolio.pdf
Date
2016Type
ThesisDepartment
Finance
Degree Level
Honors Thesis
Degree Name
Finance
Abstract
This thesis serves as a pilot study to examine the feasibility of building a well-diversified portfolio in the video game industry. The thesis constructs two portfolios, one composed entirely of video game industry companies and the other a well-diversified portfolio constructed with the doctrine of Modern Portfolio Theory. The metrics developed in Modern Portfolio Theory are employed to test the thesis. Two specific questions in the thesis are: (1) the possibility for the video game industry to be diverse, and (2) the possibility of the video game industry portfolio to outperform a well-diversified portfolio. The first part of the thesis question is examined by using correlation to represent diversification. The second part of the thesis question is examined through the calculation and use of three key performance measures that emerged from Modern Portfolio Theory: the Sharpe Ratio, Treynor Ratio, and Jensen’s Alpha.
Permanent link
http://hdl.handle.net/11714/3302Additional Information
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