24. Can the ex post alpha, the reward-to-volatility ratio , and the Sharpe ratio and M-squared give...

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24. Can the ex post alpha, the reward-to-volatility ratio , and the Sharpe ratio and M-squared give conflicting answers to the question of whether a particular portfolio has outperformed a market index on a risk-adjusted basis? If so, which of these measures can conflict with the others, and why can this conflict occur?

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Investments

ISBN: 9788120321014

6th Edition

Authors: William F. Sharpe, Gordon J. Alexander, Jeffery V. Bailey

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