multiple choice: a. stock did not either outperform or underperform the market portfolio

b. the stock outperformed market portfolio

c. the stock underperformed the market portfolio

You are assigned to evaluate the performance of the BBV stock. You collect the past data on the risk-free asset, the stock, and the market index. You use the excess return of the stock as the Y variable and the excess return of the market index as the X variable to run the regression. You also calculate the average returns and standard deviations for both the stock and the market index. The data are shown below. What should your conclusion be on the stock's performance based on Sharpe measure? Risk-free assets: Average return 0.03 0.14 0.6 Stock: Average return Standard deviation Intercept (alpha) Standard error for the intercept Beta (slope) 0.08 0.07 1.2 Market index: Average return Standard deviation 0.12 0.3