SML & CAL Difference

CFA Level I Portfolio Management
#1

Hi Folks

Can someone tell me which is the difference between the SML and CAL ?

Thanks

#2

I wrote an article on these that may be of some help: http://financialexamhelp123.com/cal-vs-cml-vs-sml/

#3

Thank you very interesting help me to clarify my concepts

#4

My pleasure.

#5

some buzz concepts i keep in my head

CAL - std dev on x axis - measures risky asset and risk free combination every asset has a CAL CML - std dev on x axis - optimal CAL measures risky portfolio vs risk free asset

SML -beta on x axis - all securities marked on the SML are acceptable to the investors - graphed off this line could mean undervalued or overvalued