nr obs	120	Portfolio 1	Portfolio 2	S&P500
Excess Return		4.30%	2.80%	1.00%
Standard Deviation		12.00%	15.00%	5.00%
Alpha		3.00%	2.00%
Beta		1.3000	0.8000
Standard Deviation Resid		10.00%	14.50%

The risk free is 0.02% monthly.

1) Which portfolio is the best choice assuming that this is the only portfolio to be hold from the investor?

2)You are looking into many portfolios to be included in your overall existing portfolio. Which ones will determine your decision/criteria? (choose max two answers)

Alpha, Beta, st error of the residuals,market excess returns, correlation with the market

3) What drives mostly the level of general Var (Value At Risk)? (choose only one)

standard deviation, alpha, average, beta, standard error