You are given the following information concerning three portfolios, the market portfolio, and the risk - free asset: Portfolio RP sigma P beta

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You are given the following information concerning three portfolios, the market portfolio, and the risk-free asset:
Portfolio RP \sigma P \beta P
X 14.00%31.00%1.35
Y 13.0026.001.10
Z 7.0014.000.75
Market 10.2019.001.00
Risk-free 6.0000
Assume that the tracking error of Portfolio X is 8.60 percent. What is the information ratio for Portfolio X?(A negative value should be indicated by a minus sign. Do not round intermediate calculations. Round your answer to 4 decimal places.)

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