Two portfolio managers use different procedures to estimate alpha. One uses a singleindex model regression, the other
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Two portfolio managers use different procedures to estimate alpha. One uses a singleindex model regression, the other the Fama-French model. Other things equal, would you prefer the portfolio with the larger alpha based on the index model or the FF model?
Intermediate LO.1
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Related Book For
Essentials Of Investments
ISBN: 9780697789945
8th Edition
Authors: Zvi Bodie, Alex Kane, Alan J. Marcus
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