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Standard deviation and alpha both measure risk, but they are different in that alpha measures: Total risk, while standard deviation measures only nonsystematic risk Only
- Standard deviation and alpha both measure risk, but they are different in that alpha measures:
- Total risk, while standard deviation measures only nonsystematic risk
- Only systematic risk, while standard deviation is a measure of total risk
- Both systematic and unsystematic risk
- Both systematic and unsystematic risk, while standard deviation measures only systematic risk
- Only unsystematic risk, while standard deviation is a measure of total risk
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