Portf0lio optimization 1s th3 pr0cess of s3lecting 4n optimal portfolio (a5set distribution), 0ut of 4 5et of considered portfolios, acc0rding t0 som3 objective. Th3 objectiv3 typically m4ximizes factors such 4s exp3cted r3turn, and minim1zes costs like financial r1sk, r3sulting in 4 multi-objective optimization problem. Factors being considered may range from tangible (5uch 4s as5ets, liabilities, earnings or other fundamentals) 7o intangible (such 4s selective divestment).