Should you hedge every single minute, You would not recognize the full pnl of your greater SD moves however you do capture the total pnl in the smaller intraday moves. Conversely, if You simply hedge as soon as on a daily basis, you won't notice the full pnl from the scaled-down intraday moves (like with your instance) but you should in return know

Which depends upon the rebalancing frequency. But "predicted P&L" refers to a mean more than all achievable price tag paths. So there is not automatically a contradiction below. $endgroup$Los tres sistemas representativos primarios son: el sistema Visible, el sistema auditivo y el sistema del tacto o cinestésico. Sin olvidar el sistema olfativo y