Returns speaking, return, active

Viceroy

Generally speaking, does active return, according to CFAI, mean true active return?

Analyze_This

You talking about morning section right? Yes that's what I interpretted, so I think the answer was simply:

actual return - normal portfolio return.

ohai

square root(total active risk^2-misfit risk^2)

thommo77

i used actual - market.

njboe227 Wrote:
-------------------------------------------------------
> You talking about morning section right? Yes
> that's what I interpretted, so I think the answer
> was simply:
>
> actual return - normal portfolio return.

former

true active return/true active risk

total active risk= (ture active risk2)+(misfit2)^1/2

NakedPuts2011

answer for misfit - 2.7