- Tax Planning
- Investments 1: Before you Invest
- Investments 2: Your Investment Plan
- Investments 3: Securities Market Basics
- Investments 4: Bond Basics
- Investments 5: Stock Basics
- Investments 6: Mutual Fund Basics
- Investments 7: Building Your Portfolio
- Investments 8: Picking Financial Assets
- Investments 9: Portfolio Rebalancing and Reporting
- Retirement 1: Basics
- Retirement 2: Social Security
- Retirement 3: Employer Qualified Plans
- Retirement 4: Individual and Small Business Plans
- Estate Planning Basics
Case Study #2
Data:
Steve is reviewing the performance of his largest asset, XYZ mutual fund, over the most recent sample period. The T-bill rate during this period was 4 percent.
XYZ Fund Market Average return 12% 10% Beta 1.2 1.0 Standard deviation 26% 24%
Calculations:
Calculate the risk-adjusted performance for the fund and the market. Use the following measures: Sharpe, Jensen (alpha), and Treynor.
Application:
On a risk-adjusted basis, did the XYZ fund outperform the market?
