Examlex
It is possible to develop a tolerance to a drug you have never taken before.
Jensen's Measure
A performance evaluation tool that measures the excess return of a portfolio above the expected return, accounting for risk.
Risk-Free Return
The theoretical return on an investment with zero risk, typically represented by government securities like Treasury bills.
Beta
A measure of a stock's volatility in relation to the overall market; a beta greater than 1 indicates higher than market volatility.
Treynor Measure
A performance metric for determining how well an investment compensates the investor for the risk taken, considering systematic risk.
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