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Assets Portfolio Analysis of the Firefighter Case

In: Proceedings of the 2022 International Conference on Economics, Smart Finance and Contemporary Trade (ESFCT 2022)

Author

Listed:
  • Bohua Miao

    (Wuhan University, School of Computer Science)

Abstract

Portfolio optimization has a pretty significant position in the financial field. The purpose of this paper is to make the portfolio decision and the asset allocation by using four stocks and a firefighter’s pension that can be viewed as a long-term bond. First this paper aims to do the allocation analysis for the four fields. Then this paper will also discuss the portfolio decision under two different options with and without pension benefits. The data are collected and calculated by using the mean-variance analysis to get the performance of the portfolio. At last, by using the Fama-French three-factor model, the expected returns and Sharpe Ratio are calculated and then do the regression to determine which option is better. The results and the analysis show that, the Fama-French three factor can be more reasonable to do the calculation in the two options, and the ‘GOOGL’ has the largest proportion in the four stocks. Moreover, even though the portfolio expected return of the option without pension is higher, the Sharpe Ratio of the option with pension is higher, which means it is a better choice. These findings might be helpful to the investors related to the similar conditions.

Suggested Citation

  • Bohua Miao, 2022. "Assets Portfolio Analysis of the Firefighter Case," Advances in Economics, Business and Management Research, in: Faruk Balli & Au Yong Hui Nee & Sikandar Ali Qalati (ed.), Proceedings of the 2022 International Conference on Economics, Smart Finance and Contemporary Trade (ESFCT 2022), pages 279-288, Springer.
    • Handle: RePEc:spr:advbcp:978-94-6463-052-7_32
    DOI: 10.2991/978-94-6463-052-7_32
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