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Congratulations! Your portfolio returned 14.3% last year, 1.6% better than the market return of 12.7%. Your portfolio had a standard deviation of earnings equal to
Congratulations! Your portfolio returned 14.3% last year, 1.6% better than the market return of 12.7%. Your portfolio had a standard deviation of earnings equal to 18%, and the risk-free rate is equal to 5.9%. Calculate Sharpe's measure for your portfolio. If the market's Sharpe's measure is 0.42, did you do better or worse than the market from a risk/return perspective? The Sharpe's measure of your portfolio is . (Round to two decimal places.)
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