Clarifying Definition of Turnover in Financial Toolbox

This may be a silly question but I am looking to set a turnover constraint within the CVaR portfolio object using setTurnover . I am having trouble understanding the way the documentation defines turnover (copied below)

1' *1/2* | Port - InitPort | <= Turnover

How should the first portion of this (the 1' * 1/2 *) be interpreted?

Answer 1

[Rishabh Gupta]

Hi Dat,

I think the constraint should be interpreted as follows -

    1/2 *  |Port - InitPort| <= Turnover