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Which of the following statements is not true about parametric tests?
Rank Portfolios
The process of organizing investment portfolios in order of performance, risk, or any other relevant criteria.
Sharpe Measure
A metric to assess the performance of an investment by adjusting for its risk, calculating the difference between the returns of the investment and the risk-free rate, divided by the investment's standard deviation.
Passive Strategy
An investment strategy that aims to match, rather than outperform, market returns by mimicking the investment holdings of a particular index.
Benchmark Portfolio
A standard or point of reference against which the performance of an investment portfolio can be measured.
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