OpenBB/website/content/terminal/reference/portfolio/po/equal.md

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title	description	keywords
equal	The page provides information about an equally weighted portfolio optimization command 'equal'. It lists and explains the parameters for usage like risk measure, nan fill method, return frequency, and more. The page is useful for individuals looking for information about portfolio optimization and the usage of specific financial indicators.	docusaurus equally weighted portfolio portfolio optimization risk measure nan fill method historic period log returns return frequency risk-free rate significance level allocation financial data analysis

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Returns an equally weighted portfolio

Usage

equal [-rm {MV,MAD,MSV,FLPM,SLPM,CVaR,EVaR,WR,ADD,UCI,CDaR,EDaR,MDD}] [-mt METHOD] [-p PERIOD] [-s START_PERIOD] [-e END_PERIOD] [-lr] [--freq {d,w,m}] [-mn MAX_NAN] [-th THRESHOLD_VALUE] [-r RISK_FREE] [-a SIGNIFICANCE_LEVEL] [-v LONG_ALLOCATION] [--name NAME]

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Parameters

Name	Description	Default	Optional	Choices
risk_measure	Risk measure used to optimize the portfolio. Possible values are: 'MV' : Variance 'MAD' : Mean Absolute Deviation 'MSV' : Semi Variance (Variance of negative returns) 'FLPM' : First Lower Partial Moment 'SLPM' : Second Lower Partial Moment 'CVaR' : Conditional Value at Risk 'EVaR' : Entropic Value at Risk 'WR' : Worst Realization 'ADD' : Average Drawdown of uncompounded returns 'UCI' : Ulcer Index of uncompounded returns 'CDaR' : Conditional Drawdown at Risk of uncompounded returns 'EDaR' : Entropic Drawdown at Risk of uncompounded returns 'MDD' : Maximum Drawdown of uncompounded returns	MV	True	MV, MAD, MSV, FLPM, SLPM, CVaR, EVaR, WR, ADD, UCI, CDaR, EDaR, MDD
nan_fill_method	Method used to fill nan values in time series, by default time. Possible values are: 'linear': linear interpolation 'time': linear interpolation based on time index 'nearest': use nearest value to replace nan values 'zero': spline of zeroth order 'slinear': spline of first order 'quadratic': spline of second order 'cubic': spline of third order 'barycentric': builds a polynomial that pass for all points	time	True	linear, time, nearest, zero, slinear, quadratic, cubic, barycentric
historic_period	Period to get yfinance data from. Possible frequency strings are: 'd': means days, for example '252d' means 252 days 'w': means weeks, for example '52w' means 52 weeks 'mo': means months, for example '12mo' means 12 months 'y': means years, for example '1y' means 1 year 'ytd': downloads data from beginning of year to today 'max': downloads all data available for each asset	3y	True	1d, 5d, 1mo, 3mo, 6mo, 1y, 2y, 5y, 10y, ytd, max
start_period	Start date to get yfinance data from. Must be in 'YYYY-MM-DD' format		True	None
end_period	End date to get yfinance data from. Must be in 'YYYY-MM-DD' format		True	None
log_returns	If use logarithmic or arithmetic returns to calculate returns	False	True	None
return_frequency	Frequency used to calculate returns. Possible values are: 'd': for daily returns 'w': for weekly returns 'm': for monthly returns	d	True	d, w, m
max_nan	Max percentage of nan values accepted per asset to be considered in the optimization process	0.05	True	None
threshold_value	Value used to replace outliers that are higher to threshold in absolute value	0.3	True	None
risk_free	Risk-free rate of borrowing/lending. The period of the risk-free rate must be annual	0.02924	True	None
significance_level	Significance level of CVaR, EVaR, CDaR and EDaR	0.05	True	None
long_allocation	Amount to allocate to portfolio	1	True	None
name	Save portfolio with personalized or default name	NAME_0	True	None

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Examples

2022 Apr 05, 14:52 (🦋) /portfolio/po/ $ equal

 [3 Years] Equally Weighted Portfolio

     Weights
┏━━━━━━┳━━━━━━━━━┓
┃      ┃ Value   ┃
┡━━━━━━╇━━━━━━━━━┩
│ AAPL │ 14.28 % │
├──────┼─────────┤
│ AMZN │ 14.28 % │
├──────┼─────────┤
│ BA   │ 14.28 % │
├──────┼─────────┤
│ FB   │ 14.28 % │
├──────┼─────────┤
│ MSFT │ 14.28 % │
├──────┼─────────┤
│ T    │ 14.28 % │
├──────┼─────────┤
│ TSLA │ 14.28 % │
└──────┴─────────┘

Annual (by 252) expected return: 35.70%
Annual (by √252) volatility: 29.50%
Sharpe ratio: 1.2041

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