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If we are comparing the performance of two portfolios, and one portfolio has a higher alpha than the other, why would the portfolio that has
If we are comparing the performance of two portfolios, and one portfolio has a higher alpha than the other, why would the portfolio that has a higher alpha be considered to have outperformed the other portfolio? Is there any other measure to consider while determining which portfolio is outperforming the other? (Please explain in detail)
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