释义 |
BetaA financial measure of a fund's sensitivity to market movements which measures the relationship between a fund's excessreturn over Treasury Bills and the excess return of a benchmark index (which, by definition, has ). A fund with abeta of has performed better (or worse if ) than its benchmark index (afterdeducting the T-bill rate) in up markets and worse (or better if ) in down markets. See also Alpha, Sharpe Ratio
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