THE 5-SECOND TRICK FOR PNL

Which will depend on the rebalancing frequency. But "envisioned P&L" refers to a median about all possible cost paths. So There's not essentially a contradiction in this article. $endgroup$Kurt G.Kurt G. 2,38944 silver badges1717 bronze badges $endgroup$ 3 $begingroup$ Thanks a great deal for finding the time to reply. Thanks to your last equality