You Can't Measure Alpha Independent of Risk

Unknown Professor | Fri, 09/04/2009 - 4:41pm | Add a comment

Rank this post

When I teach investments, there's always a section on market efficiency. A key point I try to make is that any test of market efficiency suffers from the "joint hypothesis" problem - that the test is not tests market efficiency, but also assumes that you have the correct model for measuring the ben
... Read the full post

Comments

Please or register to post comments.

Personal Finance > Financial Rounds

You Can't Measure Alpha Independent of Risk

Unknown Professor | Fri, 09/04/2009 - 4:41pm | Add a comment

Comments

› Unknown Professor

› Featured on

PowerRatings Stock Trading Strategies: After the Bounce

Through a Trader's Eye

High Probability ETF Trading: Trading Near the Close

TRADE CENTER

› Most