What are the sensitivities of the portfolio to factors 1, 2, and 3? 12. Smiler Murray, a

Question:

What are the sensitivities of the to factors 1, 2, and 3? 12. Smiler Murray, a quantitative security analyst, remarked, "The structure of any factor model concerns surprise, in particular the nature of correlations between surprises in different securities' returns." What does Smiler mean by this statement? Portfolio
A portfolio is a grouping of financial assets such as stocks, bonds, commodities, currencies and cash equivalents, as well as their fund counterparts, including mutual, exchange-traded and closed funds. A portfolio can also consist of non-publicly...