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Canadian Securities Course (CSC) Practice Exam · Question

Modern Portfolio Theory (MPT) suggests that investors should focus on maximizing returns for a given level of risk, or minimizing risk for a given level of return. What primary measure does MPT use to quantify the risk of a portfolio?

In MPT, standard deviation is the most common and fundamental measure used to quantify the total risk (volatility) of an individual asset or a portfolio. It rep

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Question: Modern Portfolio Theory (MPT) suggests that investors should focus on maximizing returns for a given level of risk, or minimizing risk for a given level of return. What primary measure does MPT use to quantify the risk of a portfolio?

Answer options:

  • Correlation coefficient. ✅ Standard deviation.
  • Beta.
  • Alpha.

Correct answer: Standard deviation.

Explanation: In MPT, standard deviation is the most common and fundamental measure used to quantify the total risk (volatility) of an individual asset or a portfolio. It represents the dispersion of returns around the average return.

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