An analyst wants to evaluate Portfolio X, consisting entirely of U.S. common stocks, using both the Treynor and Sharpe measures of portfolio performance. The following table provides the average annual rate of return for Portfolio X, the market portfolio (as measured by the Standard and Poor's 500 Index), and US Treasury bills (T-bills) during the past eight years. Annual Average Standard Deviation Rate of Return of Return Beta Portfolio X 10W 16% 0.50 S&P 500 13 13 1.00 T-bills 6 ra n/a n/e not applicable a. Calculate both the Treynor measure and the Sharpe measure for both Portfolio X and the S&P 500. Round your answers for the Traynor measure to one decimal place and for the Sharpe measure to three decimal places Treyner measure Sharpe measure Portfolio SSP 500 Briefly explain whether Portfolio X underperformed, equaled or outperformed the sap 500 on a risk-adjusted bass using both the Trevor measure and the Sharpe measure Based on the Treynor mesure Portfoto X sto X Life w the market index because Temynor measure for Portfolio X is alert than Treyner measure for the sa 500 Based on the Sharpe measure Portfolio the market index because Sharpe measure for Portfolio X is eest than Sharpe measure for the S&P 500 b. Based on the performance of Portfolio X relative to the SAP So calculated in Port a, briefly explain the reason for the conflicting results when using the Treyner mesure versus the Sharpe measure As Teeynor measure considers de risk while Sharpe measures consider rico diversified portfolio could show better performance relative to the market. If the Treyner measure is used but lower performance relative to the market the shape measures used. As a result, Port X has a large amount of Eco