Thus , with the recent advent of hedging and derivative strategies , which are asymmetrical by design , MPT measures are essentially useless .
PMPT is able to capture significantly more of the true information contained in the returns under consideration .
Thus , with the recent advent of hedging and derivative strategies , which are asymmetrical by design , MPT measures are essentially useless , while PMPT is able to capture significantly more of the true information contained in the returns under consideration .