kockázatkorrigált

Kockázatkorrigált is a Hungarian term that translates to "risk-adjusted" in English. It is a concept used in various fields, including finance, economics, and project management, to account for the level of risk associated with an investment, decision, or outcome. The core idea is that a higher potential return is generally expected to compensate for a higher level of risk.

In finance, risk-adjusted return measures the profitability of an investment in relation to the amount of risk taken. Common risk-adjusted return metrics include the Sharpe Ratio, which compares the excess return of an investment over the risk-free rate to its standard deviation. A higher Sharpe Ratio indicates a better performance on a risk-adjusted basis. Another example is the Sortino Ratio, which focuses on downside risk, only penalizing investments for negative volatility.

In project management, risk adjustment involves assessing potential risks that could impact project timelines, budgets, or deliverables. A risk-adjusted schedule, for instance, might incorporate buffer time to account for unforeseen delays. Similarly, a risk-adjusted budget would include contingency funds to cover potential cost overruns due to identified risks. The goal is to make more realistic and robust plans by acknowledging and preparing for uncertainties.

The principle of risk adjustment helps in making more informed decisions by providing a clearer picture of the true value or cost of an undertaking, considering the inherent uncertainties involved. It moves beyond simply looking at raw returns or project progress to understanding performance relative to the risks undertaken.