Examlex
The tongue is made up of involuntary muscle with the blunt root in the rear and the pointed tip in the front.
Treynor-Black Model
A special case of the Markowitz model of efficient diversification, derived by assuming returns are generated by the index model.
Residual Variance
The variance of the error terms in a regression model, representing the amount of variation that cannot be explained by the model's inputs.
Alpha/Beta
Measures in finance; Alpha represents the strategy's returns above the benchmark, whereas Beta indicates the volatility relative to the market.
Sharpe Measure
A measure of the excess return (or risk premium) per unit of risk in an investment asset or a trading strategy, calculated as the difference between the asset's returns and the risk-free rate, divided by the asset's standard deviation.
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