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F. Table, 5) this table, we can extract the following comparative Table (4.6) which could inform us about the efficiency of each method compared to effective return obtained by a naive portfolio, day after day starting from June, the 1st, 2015. Below, the numerator of the fraction is the number of days on which methods perform better than the naive one

-. Naive, Naive versus the other portfolio optimization methods in the Chinese Market Naive M, pp.16-2226

-. Naive, Naive versus the other portfolio optimization methods in the American Market Naive M, pp.13-17

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<. For, 1:length(rp)){ rp.me <-RG(x=rp[i],Y=rp[-i],X=rp[-i]) rp.mean[i] <-rp.me$RG poidsw <-rp.me$poidsw X1

X. Mean, <-sum(poidsw*X5[-i]) X6.mean[i] <-sum(poidsw*X6

X. Mean, <-sum(poidsw*X7[-i]) X8.mean[i] <-sum(poidsw*X8