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- UID
- 223425
- 帖子
- 243
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- 2011-7-11
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- 2014-8-7
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kalo1 Wrote:
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> Definition of alpha? Simply returns over BM or
> risk adjusted returns?
There are two types of Alpha. Ex-Ante and Ex-Post Alpha.
Ex-Ante (before) = use CAPM to determine your required return. Expected - Required = Ex Ante
Ex-Post (after) = Actual Returns - Benchmark Returns |
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发表于 2011-7-13 16:27
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