Upload volatility drag of risk-reward ratio.tex

volatility drag/volatility drag of risk-reward ratio.tex

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+We formalize the Volatility Drag of Risk-Reward Ratio as:
+\begin{align*}
+\nu &= \underbrace{\frac{1}{n}\sum_{i=1}^{n}r_i}_{\mu} - \underbrace{\left[\prod_{i=1}^{n}(1+r_i)\right]^\frac{1}{n} - 1}_{\varphi} \\
+\text{where} \\
+\nu &= \text{volatility drag} \\
+\mu &= \text{arithmetic mean of $r$} \\
+\varphi  &= \text{geometric mean  of $r$} \\
+r &= \text{risk-reward ratio}
+\end{align*}