Year $20182019202020212022$

Peter$$s Portfolio Return $-12\mathrm{.}0\%$

$16\mathrm{.}3\%$

$10\mathrm{.}2\%$

$11\mathrm{.}5\%$

$-3\mathrm{.}2\%$

MSCI Japan Total Return $-14\mathrm{.}9\%$

$18\mathrm{.}9\%$

$9\mathrm{.}2\%$

$13\mathrm{.}8\%$

$-4\mathrm{.}1\%$

Calculate the $($sample$)$ information ratio of Peter$$s portfolio. What can you infer if the information ratio is negative?