Quiz Ch 18 – Understanding the Jensen Portfolio Evaluation Measure
Essentials of Investments
Bodie, Kane, and Marcus
12th Edition
What does the Jensen portfolio evaluation metric signify?
What does the Jensen portfolio evaluation metric signify?
What aspect does the M-squared measure focus on when evaluating mutual funds?
What do “ADRs” and “WEBS” mean?
What is the usual representation of country equity markets?
Why is it challenging to apply the simple CAPM directly to international stocks?
What are the characteristics of WEBS portfolios?
What is the primary criticism regarding allocating countries within the EAFE index?
Which index shows the strongest correlation with the S&P 500 when considering returns in local currency?
What was the prevailing trend in correlations between the U.S. stock index and stock-index portfolios of other countries from 2014 to 2018?
What is meant by the term “home bias”?