20.1 What Is Hierarchical Risk Parity (HRP)? HRP is a modern, machine-learning–inspired approach to building diversified, risk-balanced portfolios. Developed by Marcos López de Prado in 2016, HRP uses hierarchical clustering
20.1 What Is Hierarchical Risk Parity (HRP)? HRP is a modern, machine-learning–inspired approach to building diversified, risk-balanced portfolios. Developed by Marcos López de Prado in 2016, HRP uses hierarchical clustering