Show your Excel formulas and implications behind the result:

Annual Returns
				Based on Book Value-to-Market Value				Based on Market Capitalization				Based on past year performance (t-2 to t-12 months)
				High (Value)	Low (Growth)	High-Low		Small	Big	Small-Big		Up	Down	Up-Down
Year	Market	Riskfree		H	L	HML		S	B	SMB		U	D	UMD
2015	0.09%	0.02%		-8.79%	0.74%	-9.53%		-5.22%	-1.29%	-3.93%		3.28%	-17.34%	20.61%
2016	13.50%	0.20%		31.26%	8.62%	22.64%		22.77%	16.14%	6.63%		8.40%	29.74%	-21.35%
2017	22.31%	0.80%		13.78%	27.25%	-13.48%		16.06%	21.01%	-4.95%		21.85%	17.23%	4.61%
2018	-5.12%	1.81%		-13.70%	-3.90%	-9.80%		-10.48%	-7.14%	-3.34%		-4.24%	-13.99%	9.75%
2019	30.42%	2.14%		21.35%	31.84%	-10.48%		23.57%	29.63%	-6.06%		26.44%	28.25%	-1.80%
2020	24.11%	0.44%		0.25%	46.85%	-46.60%		24.21%	11.32%	12.89%		30.88%	23.11%	7.77%
2021	23.61%	0.04%		39.41%	14.08%	25.33%		23.58%	27.38%	-3.80%		21.04%	23.36%	-2.32%

Suppose you cannot short sell and can only invest in the long portfolio of each strategy. Calculate the Sharpe measure and Jensen measure for S, H, and U. Do the strategies outperform the market portfolio according to these measures?