IDEAS home Printed from
MyIDEAS: Log in (now much improved!) to save this article

An Empirical Assessment Of Different Risk Measures For Stocks Traded On The Ase

Listed author(s):
  • Petros MESSIS


    (TEI of Larissa, Greece)

  • George BLANAS


    (TEI of Larissa, Greece)

Registered author(s):

    This paper examines three different measures of risk, the standard deviation, the correlation coefficient and the beta coefficient. The measures are compared with each other in relation to the way with which they estimate the risk, using the Spearman’s rank correlation coefficient. The results show that the risk is valued differently in every case. The same rank correlation coefficient is being used to form portfolios with relative stable beta coefficients in order to minimize the variation of the associated risk. The results showed that a relationship exists to beta coefficients between stocks that can give useful information about the portfolio diversification, as it is possible for portfolios with relative constant coefficients and higher returns in relation to risk they undertake to be formed.

    If you experience problems downloading a file, check if you have the proper application to view it first. In case of further problems read the IDEAS help page. Note that these files are not on the IDEAS site. Please be patient as the files may be large.

    File URL:
    Download Restriction: no

    Article provided by Danubius University of Galati in its journal Euroeconomica.

    Volume (Year): (2009)
    Issue (Month): 1(22) (May)
    Pages: 5-15

    in new window

    Handle: RePEc:dug:journl:y:2009:i:1:p:5-15c:dug:journl:y:2009:i:1:p:5-15
    Contact details of provider: Web page:

    More information through EDIRC

    No references listed on IDEAS
    You can help add them by filling out this form.

    This item is not listed on Wikipedia, on a reading list or among the top items on IDEAS.

    When requesting a correction, please mention this item's handle: RePEc:dug:journl:y:2009:i:1:p:5-15c:dug:journl:y:2009:i:1:p:5-15. See general information about how to correct material in RePEc.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Florian Nuta)

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If references are entirely missing, you can add them using this form.

    If the full references list an item that is present in RePEc, but the system did not link to it, you can help with this form.

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your profile, as there may be some citations waiting for confirmation.

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    This information is provided to you by IDEAS at the Research Division of the Federal Reserve Bank of St. Louis using RePEc data.