Which of the following statements about performance evaluation is correct? a. The simplest and most popular way to evaluate a fund's performance is compare its return with zero.

b. A larger and positive Jensen's alpha does not guarantee a better Treynor measure for a portfolio.

c. Treynor measure adjusts the return considering the total risk.

d. A positive Jensen's alpha is a sufficient condition for a superior performance.

e. A larger and positive Jensen's alpha guarantees a better Sharpe ratio for a portfolio