Generally speaking, does active return, according to CFAI, mean true active return?作者: Analyze_This 时间: 2011-7-13 15:04
You talking about morning section right? Yes that's what I interpretted, so I think the answer was simply:
actual return - normal portfolio return.作者: ohai 时间: 2011-7-13 15:04
square root(total active risk^2-misfit risk^2)作者: thommo77 时间: 2011-7-13 15:04
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.作者: former 时间: 2011-7-13 15:04
true active return/true active risk
total active risk= (ture active risk2)+(misfit2)^1/2作者: NakedPuts2011 时间: 2011-7-13 15:04
