question #80 Which of the following statements are true? Check All That Apply An asset's beta is an appropriate measure of risk if you hold it as part of a well-diversified portfolio An asset's variance is an appropriate measure of risk if you hold the asset alone. A security with forecasted positive alpha will lie above the Capital Market Line (CML) The SML graphs a security's expected return as a function of its total risk The Sharpe ratio is only valid to compare the performance of diversified portfolios not individual securities