GiganticWebsites.com is a project through which I make it possible for people to build truly gigantic websites (thousands of articles each!) at ridiculously low prices. If you have a great domain you want to turn into an amazing website or an existing site you'd like to upgrade/scale, visit our website or check out the One Minute Economics presentation video below: ua-cam.com/video/gE8yEOQFMvo/v-deo.html Please note that this comment is not an ad for a third-party service provider. GiganticWebsites.com is my baby 100% and I will personally be involved in each and every project so as to ensure the website turns out great :)
Wow it’s actually clear for me now, quick question though. In case of portfolio management (for example a portfolio with 50% in stocks and 50% in bonds) is it safe to assume that you’d use N and not N-1?
Haven't heard in years. Thanks for the refresher. An informative video. The class would have been simpler if my lecturer simplified things like you did but then again maybe I am just smarter now lol
Really happy you found it useful and understood the concept Timbone! I've always (more or less) jokingly stated that if you're numbers-savvy and hate people, you should become a statistics professor, heh. I'll try to publish more statistics-related videos on the channel because IMO, there's a meaningful need for statistics videos where the goal is simply getting the message across properly and helping people actually understand the concept rather than trying to sound smart by over-complicating things. Will be publishing one on the correlation coefficient next, hopefully some more to come this year :)
One Minute Economics hey if you're making one on correlation of coefficient.... Then please in the same video tell us the difference between that and Covariance and its applications in Finance... Cheers
Hey man, loved your content as usual..... Can you also cover such statistics topics like, Sharpe Ratio, Roy's safety first criterion ratio, etc.... Thanks
If you liked this video, I think you'll love The Age of Anomaly, my Wall Street Journal and USA Today best-selling book about preparing for financial calamities (whatever they may involve). You can buy it over at: 1) Amazon: www.amazon.com/Reasonable-Case-Bitcoin-Andrei-Polgar-ebook/dp/B09G6Z45QB 2) Barnes & Noble: www.barnesandnoble.com/w/the-age-of-anomaly-andrei-polgar/1127084693?ean=2940155383970 3) Apple Books: books.apple.com/us/book/the-age-of-anomaly-spotting-financial-storms-in/id1331704265 4) Kobo: www.kobo.com/ww/en/ebook/the-age-of-anomaly-spotting-financial-storms-in-a-sea-of-uncertainty
Format-wise, it's all good as long as you start by saying "one minute" when pronouncing the length of the video... even if it's "one minute and fifty-nine seconds" :D
GiganticWebsites.com is a project through which I make it possible for people to build truly gigantic websites (thousands of articles each!) at ridiculously low prices. If you have a great domain you want to turn into an amazing website or an existing site you'd like to upgrade/scale, visit our website or check out the One Minute Economics presentation video below:
ua-cam.com/video/gE8yEOQFMvo/v-deo.html
Please note that this comment is not an ad for a third-party service provider. GiganticWebsites.com is my baby 100% and I will personally be involved in each and every project so as to ensure the website turns out great :)
Wtf!! How can you clear my whole concept in just a couple of minutes... amazinggggggggggggggggggggggggggggggg!!!!!!!
'tis a gift :D
Wow!!! wisdomatic teaching thank you so much!
Wow it’s actually clear for me now, quick question though. In case of portfolio management (for example a portfolio with 50% in stocks and 50% in bonds) is it safe to assume that you’d use N and not N-1?
Haven't heard in years. Thanks for the refresher. An informative video. The class would have been simpler if my lecturer simplified things like you did but then again maybe I am just smarter now lol
Really happy you found it useful and understood the concept Timbone! I've always (more or less) jokingly stated that if you're numbers-savvy and hate people, you should become a statistics professor, heh. I'll try to publish more statistics-related videos on the channel because IMO, there's a meaningful need for statistics videos where the goal is simply getting the message across properly and helping people actually understand the concept rather than trying to sound smart by over-complicating things. Will be publishing one on the correlation coefficient next, hopefully some more to come this year :)
One Minute Economics hey if you're making one on correlation of coefficient.... Then please in the same video tell us the difference between that and Covariance and its applications in Finance... Cheers
I've just finished the script for the correlation coefficient video today haha, the video will definitely go live this month :)
1:33 why?
Thanq so much sir ☺
Thank YOU for the kind words :)
Hey man, loved your content as usual..... Can you also cover such statistics topics like, Sharpe Ratio, Roy's safety first criterion ratio, etc.... Thanks
Thanks a lot for the kind words Karan, will do my best!
thanks sir
You are more than welcome Malik :)
Thank you SIR...🤟😎🎉
You're more than welcome Alex, thanks a lot for the kind words :)
Amazing!
Thank you Adnan :)
Thank u so much , i finally got it!
That's what I love to hear, you're more than welcome :)
If you liked this video, I think you'll love The Age of Anomaly, my Wall Street Journal and USA Today best-selling book about preparing for financial calamities (whatever they may involve). You can buy it over at:
1) Amazon: www.amazon.com/Reasonable-Case-Bitcoin-Andrei-Polgar-ebook/dp/B09G6Z45QB
2) Barnes & Noble: www.barnesandnoble.com/w/the-age-of-anomaly-andrei-polgar/1127084693?ean=2940155383970
3) Apple Books: books.apple.com/us/book/the-age-of-anomaly-spotting-financial-storms-in/id1331704265
4) Kobo: www.kobo.com/ww/en/ebook/the-age-of-anomaly-spotting-financial-storms-in-a-sea-of-uncertainty
Talk about rounding down!
amazing
Glad you like it :)
LEGENDDDDDDDD
Thank you. Is their a limit, a least upper bound or the highest lower bound to the covariance value? Are there any restrictions to the value?
1 and -1. 1 being perfect correlation and -1 being perfect negative correlation
@@TheNBSPerry I think he was asking about covariance not correlation. and no there are no bounds on this value.
@@prithvidhyani2002
How do covariance vary? In this eg. how do we evaluate this covariance? Is this High or Low?
N-1 ????? Why
“Degrees of Freedom” - for Population, you divide by n. For a Sample, you divide by n - 1. You remove 1 degree of freedom for a Sample
This might help: ua-cam.com/video/KkaU2ur3Ymw/v-deo.html
Nice content, I just learnt something new. Thanks 🙏
Music to my ears, thanks a ton for the kind words :)
didn't know that Dwight teaches statistics
I've waited over a year for someone to say this in a comment haha :D
@@OneMinuteEconomics hey Dwight, please teach us how to grow beets too
That's 2 minutes
Format-wise, it's all good as long as you start by saying "one minute" when pronouncing the length of the video... even if it's "one minute and fifty-nine seconds" :D