Bridge over ocean
1 September 2010 Financial Analysts Journal Volume 66, Issue 5

Skulls, Financial Turbulence, and Risk Management

  1. Mark P. Kritzman, CFA
  2. Yuanzhen Li

Based on a methodology introduced in 1927 to analyze human skulls and later applied to turbulence in financial markets, this study shows how to use a statistically derived measure of financial turbulence to measure and manage risk and to improve investment performance.

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