Consider the following funds and the market portfolio: MBO FundClearsky FundTitan FundMarket PortfolioAverage return$18\%12\%30\%15\%$Standard deviation$25\%15\%30\%20\%$Beta$1\mathrm{.}250\mathrm{.}62\mathrm{.}5$ The risk$-$free return during the sample period was $5\%.1.$ Using Sharpes, Treynors, and Jensens measures, rank the results for each of the funds. $2.$ Did any of the funds out$-$perform the market on the basis of the Sharpes or Treynors measures? Which, if any?

$3.$ Are the rankings consistent? Explain any inconsistency.