# elpm

Compute expected lower partial moments for normal asset returns

## Syntax

## Description

## Examples

## Input Arguments

## Output Arguments

## More About

## References

[1] Bawa, V.S. "Safety-First,
Stochastic Dominance, and Optimal Portfolio Choice." *Journal of Financial and
Quantitative Analysis.* Vol. 13, No. 2, June 1978, pp.
255–271.

[2] Harlow, W.V. "Asset Allocation
in a Downside-Risk Framework." *Financial Analysts Journal.* Vol.
47, No. 5, September/October 1991, pp. 28–40.

[3] Harlow, W.V. and K. S. Rao.
"Asset Pricing in a Generalized Mean-Lower Partial Moment Framework: Theory and
Evidence." *Journal of Financial and Quantitative Analysis.* Vol.
24, No. 3, September 1989, pp. 285–311.

[4] Sortino, F.A. and Robert van
der Meer. "Downside Risk." *Journal of Portfolio Management.* Vol.
17, No. 5, Spring 1991, pp. 27–31.

## Version History

**Introduced in R2006b**