Swanand

Looking at 2011 YTD returns, so both my port and the S&P are positive. I'm calculating beta on daily returns. Basically COVAR(myport,S&P)/VAR(S&P) = beta. I'm getting like 0.94 for the beta, but my portfolio has like 0.42% of alpha.

Not sure how I can be outperforming the S&P with a lower beta in an uptrending market... its pretty close to 1 and the alpha is small so perhaps there is some noise that allows for a bit of leeway on that? Idk how to explain it though and I'm pretty sure I'm not f-ing up my calcs.