Loralee

How Roy’s Safety-First Criterion (SFRatio) Works.



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The Roy’s safety-first criterion (SFRatio) is a risk management tool that can be used to determine the optimal level of investment in a portfolio. The SFRatio is calculated by dividing the expected return of the portfolio by the standard deviation of the portfolio. The higher the SFRatio, the more risk-averse the investor is. The Roy’s … Read more

Economic Activities Tax (IAE)



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The Economic Activities Tax or IAE, as its name indicates, is a tax that is applied directly to any type of economic activity. This tax affects natural and legal persons, which means that all those who carry out a business, professional or artistic activity must pay it. It is a impuesto which is managed mainly … Read more