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Essay text:
The estimated return will not be achieved.
Volatility which is equal to risk seems to be the common approach from trading. The smaller standard deviation, the tighter is probability distribution of the rate return. Therefore, the lower is the risk of the investment. The two parameters of the distribution are the expected return and the standard deviation.
Advantage & Disadvantage
The two aspects of risk is there a reward for bearing risk and the greater the potential reward, the greater is the risk.
However, all the past performance only a guide for future performance, thus, the risk & rewards is not guarantee...
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