Fig. 4From: Stressed portfolio optimization with semiparametric methodValue measure of RSVM and MV with various risk aversion \(\alpha\) and scale \(\lambda\) in 2017. This figure shows the relation between value measure (mean–variance model with dash line and risk-sensitive value measure with line) and scale with different investors (risk-averter \(\alpha =0.8\), risk-neutral \(\alpha =0.5\), and risk-seeker \(\alpha =0.2\)) in 2017. The red star and blue circle are optimal scale of mean–variance model and risk-sensitive value measure, respectivelyBack to article page