Jensen 这个人在1967年发表了文章 The Performance of Mutual Funds in the Period 1945-1964, 阐述了共同基金(mutual fund)与其市场在基于CAPM下好像并不能很好得给资产定价. 即使假设CAPM 成立, 那么一个组合管理者如果能更好得捕捉市场, 比如把资金比重放到更多的 ϵi>0, 即非系统性收益更可能为正的资产里...
The article asserts that a diversified portfolio of beta ingredients, or individual single-asset mutual funds (ETF) that mimic indexes, will produce a surprising amount of alpha particularly in the portfolio level. Alpha is defined as an excess return above the retur...
while risk-takers can pick funds with a high beta (greater than 1). Though beta can help you understand how risky a mutual fund is. It doesn’t give you any information about the fund’
公募基金对标的是海外的共同基金(Mutual Fund)，代表公司是先锋基金，其主要产品是指数基金，主要赚取市场...
Mutual Funds.USA. Fund.Growth Fund Of AGTHXFundUSD84.320.690.83% This module allows you to check different measures of market premium (i.e., alpha and beta) for all equities such as Growth Fund Of. It also helps investors analyze the systematic andunsystematic risksassociated with investing in...
Growth Fund Of Fund Alpha and Beta Analysis Mutual Funds.USA. Fund.Growth Fund Of GFAFXFundUSD83.560.690.83% This module allows you to check different measures of market premium (i.e., alpha and beta) for all equities such as Growth Fund Of. It also helps investors analyze the systematic...
公募基金对标的是海外的共同基金(Mutual Fund)，代表公司是先锋基金，其主要产品是指数基金，主要赚取市场的Beta收益。而私募基金对标的是对冲基金(Hedge Fund),代表基金是桥水基金和文艺复兴基金。它们主要为高净值人群赚取超额收益。随着中国进入资产配置的大时代，私募基金将成为高净值人群资产配置中不可或缺的标的。...
How to use alpha and beta for your own investment portfolio If you actively invest in mutual funds or stocks, understanding alpha values can help you gauge their performance. For stock investors, beta values can help you better gauge risk levels and structure your investment portfolio appropriately...
You will most likely see alpha and beta referenced with mutual funds, according to Mark Cortazzo, a certified financial planner and a senior partner at MACRO Consulting Group. Additionally, both measurements utilize benchmark indexes, such as the S&P 500, and compare them against the individual se...
A high alpha represents a greater return for the investor A high beta represents greater risk for the investor What is alpha? Alpha is a measure used in investing to determine whether an asset (such as a stock or mutual fund) outperformed a comparable benchmark, based on its level of risk...