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L1 07 Statistical Concepts and Market Returns > F > Flashcards

Flashcards in F Deck (3):
1

Quantile

A fraction of data at or below the data

"Quantiles are used in portfolio performance evaluation as well as in investment strategy development and research. To rank performance - portfolio performance evaluation

Investment Research: "allows analysts to evaluate the impact of that characteristic on a quantity of interest."

2

Most Commonly Used Quan'tile' ('tiles' divide data into equal sized fractions or groups)

Quartiles: 4, quintiles: 5, deciles: 10, percentiles: 100

"Given a set of observations, the yth percentile is the value at or below which y percent of observations lie"

Ex: 2nd quartiles, 50% observations lie below 2nd quartile

3

Calculate a quantile

"the calculation of various quantiles for the dividend yield"

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