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0 out of 0 8 pos Portiolo A has a refurn of 10 1 percent, a standard deviation o

ID: 2785963 • Letter: 0

Question

0 out of 0 8 pos Portiolo A has a refurn of 10 1 percent, a standard deviation of 15 9 percent, and a bela of 0 83 Treasuries earned 29 percent, and the overall market earned 10 percent Weat s the Sharpe rabop Correct Answer 0045 ± 2% stion 2 0 out of 0 0 peints Copy of Portlolo A has a return of 9 9 percent, a standard deviation of 19 2 percent, and a beta Correct Answer . ) 93 , 2% f 1 12 Treasuries ewrned 3 1 percent, and the overall market earmed 10 percent What s Jensen's alphr? estion 3 0 out of 0 8 poins and a bota of 1 42 Treasunes oaned 2.7 pencent, and the overal market earned 9 percent What is the Treynor rafo? Correct Answer 05.99 t 2%

Explanation / Answer

1.

Sharpe ratio = (Portfolio return – Risk free rate) / Standard deviation

                    = (10.10% - 2.90%) / 15.90%

                    = 7.20% / 15.90%

                    = 0.45

Sharpe ratio is 0.45.

2.

Required rate of return of portfolio = 3.10% + (10% - 3.10%) × 1.12

                                                         = 3.10% + (6.90% × 1.12)

                                                        = 3.10% + 7.73%

                                                        = 10.83%

Required rate of return is 10.83%.

Expected return = 9.90%

Jension Alpha = 9.90% - 10.83%

                       = -0.93%

Jension Alpha is -0.93%.

3.

Traynor ratio = (Portfolio return – Risk free rate) / Beta

                    = (11.20% - 2.70%) / 1.42

                     = 8.50% / 1.42

                     = 5.99

Traynor ratio is 5.99