Question
Which of the following performance measures is an absolute measure of risk-adjusted return that uses beta as the risk measure and is determined by the
Which of the following performance measures is an absolute measure of risk-adjusted return that uses beta as the risk measure and is determined by the calculating the difference between the expected return based on CAPM and the actual portfolio return?
| a. | Fama Decomposition | |
| b. | Sharpe Ratio | |
| c. | Treynor Ratio | |
| d. | Jensen's Alpha |
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Fundamentals Of Financial Institutions Management
Authors: Marcia Cornett, Anthony Saunders
1st Edition
0256253676, 9780256253672
