Table 6. Na´ve Diversification Results for Market Advisory Services, 50/50 Corn Soybean Revenue
Number of Programs in the Portfolio   Portfolio Expected Standard Deviation   Marginal Decrease in Portfolio Standard Deviation   Decrease in Risk vs. One Program Portfolio   Ratio of Portfolio Risk to Minimum Risk
--- $/acre --- --- $/acre --- --- percent ---
1 34.6100 1.3223
2 30.6830 3.9270 11.35 1.1723
3 29.2570 1.4260 15.47 1.1178
4 28.5170 0.7400 17.60 1.0895
5 28.0640 0.4530 18.91 1.0722
6 27.7580 0.3060 19.80 1.0605
7 27.5370 0.2210 20.44 1.0521
8 27.3700 0.1670 20.92 1.0457
9 27.2400 0.1300 21.29 1.0408
10 27.1350 0.1050 21.60 1.0367
11 27.0490 0.0860 21.85 1.0335
12 26.9770 0.0720 22.05 1.0307
13 26.9160 0.0610 22.23 1.0284
14 26.8640 0.0520 22.38 1.0264
15 26.8180 0.0460 22.51 1.0246
16 26.7780 0.0400 22.63 1.0231
17 26.7430 0.0350 22.73 1.0218