LOGNORMAL RETURN FORECASTS

Preliminary Results

USING ZERO LOWER BOUND FOR (1+r)?

M-V Efficient Frontier @ Maximum CE-Value Frontier

WITH POSITIVE ESTIMATES FOR WORST-CASE RETURNS

TBD – Stay Tuned to www.matpro.com/cevalues

If similar to results obtained with the Gamma distribution, asset allocations will be different, and backtests will show faster growth on historical data.