Recommendations & StrategiesCâu 57 / 110
Alpha in portfolio performance measurement represents which of the following?
a.The return earned above or below what the portfolio's risk (beta) would predict
b.The portfolio's total volatility
c.The correlation with the benchmark
d.The risk-free rate of return
Giải thích
Alpha measures the excess return a portfolio earns relative to the return predicted by its beta and the market, indicating value added by management. A positive alpha suggests outperformance on a risk-adjusted basis. Volatility is captured by standard deviation, and market sensitivity by beta.
Luyện miễn phí toàn bộ 110 câu hỏi — không cần đăng ký.
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