Examlex
Which of the following would be least useful in determining distances to other galaxies?
Alpha
A metric used to measure the performance of an investment relative to a benchmark, reflecting the excess return of the investment compared to the overall market performance.
Time-Weighted Return
A method of calculating investment returns that eliminates the effects of cash flows into and out of the portfolio, focusing solely on the investment's performance.
Dividend
Profits paid out to shareholders by a corporation, usually as a form of earnings distribution.
Information Ratio
A measure of portfolio returns above the returns of a benchmark, to the volatility of those returns.
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