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If a teen's grade point average is above 3.0, the parents agree to an 11:00 p.m. curfew on Friday and Saturday. This is an example of:
Characteristic Line
In finance, it's a line generated in a scatterplot by regressing the returns of a security against the returns of the market, used to assess the security's sensitivity to market movements.
T-Bills
Short-term debt securities issued by the U.S. Treasury to finance government spending, seen as low-risk investments.
Market Portfolio
A theoretical bundle of investments that contains all available assets in the market, representing the entire investment universe at a given time, used in financial theory to model returns.
Jensen's Measure
A performance evaluation tool that measures the excess return a fund generates over its expected return, given its risk level.
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