Examlex
If materials are only added at the end of the production process, then the degree of completion for materials of units in the ending Work-in-Process Inventory is always 0%.
Active Portfolio
An active portfolio involves strategic buying and selling of stocks or other securities, managed by analysts or fund managers, aiming to outperform the market average or a benchmark index.
Sharpe Measure
Sharpe Measure, or Sharpe ratio, is used to assess the performance of an investment by adjusting for its risk, comparing the excess return over the risk-free rate to the standard deviation of the investment.
Personal Risk-Aversion
An individual's degree of unwillingness to accept uncertainty in investment outcomes or financial decisions.
Treynor-Black Model
A portfolio optimization model that blends a passively managed market portfolio with actively managed portfolios to achieve higher risk-adjusted returns.
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