Consider the following data for a particular sample period when returns were high:Portfolio P Market Portfolio

Average Return $32\%28\%$

Beta $1\mathrm{.}31\mathrm{.}0$

Standard Deviation $40\%30\%$

Calculate Jensen's Alpha, the Sharpe ratio and Treynor's ratio for both portfolio $P$ and the

Market. The T$-$bill rate during this period was $6\%.$ By which measures did portfolio $P$

outperform the market?