Introduction

摘要

Here is your Fall 2018 issue of Practical Applications (PA). This issue comprises a selection of twelve PA reports covering articles from seven journals within the IPR Journals family of publications.This issue of PA includes four reports on articles from The Journal of Portfolio Management (JPM). One examines a portfolio optimization strategy based on combining active and passive components. Another analyzes performance measurement by decomposing performance into different elements. The third examines cyclically-adjusted price/earnings ratios against the backdrop of macroeconomic forces. The fourth explains a rigorous approach to applying scenario analysis as part of a firm's overall approach to risk management.