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True Market Portfolio
A theoretical bundle of all possible investments that are weighted by market value.
Stock's Alpha
Stock's Alpha measures a stock's performance relative to a benchmark index, indicating its value added or lost against the market average.
Abnormal Return
The difference between the actual return of a security and the expected return, typically due to unexpected events.
Residual Return
The return on an investment beyond what is predicted by market movements or models, often associated with active management performance.
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