NISM 21B Portfolio Managers Exam Notes

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  • Risk-Adjusted Return: Evaluates returns vs. risk.
  • Sharpe Ratio: Excess return per total risk.
  • Treynor Ratio: Excess return per systematic risk.
  • Jensen’s Alpha: Excess return over CAPM.
  • Information Ratio: Excess return per active risk.

NISM 21B Portfolio Managers

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