You want to evaluate three mutual funds using the information ratio measure for performance evaluation. The risk-free return during the sample period is 6%, and the average return on the market portfolio is 19%. The average returns, residual standard deviations, and betas for the three funds are given below.
The fund with the highest information ratio measure is
Definitions:
Analogue Observational Setting
An artificial environment set up in an office or laboratory to elicit specific classes of behaviour in individuals. Used when in vivo observation in the natural environment is impractical because of time constraints and the unpredictability of modern family life.
Subject Reactivity
A phenomenon in which individuals alter their behavior or responses due to their awareness of being observed or studied.
Actuarial Prediction
A method used in various fields, including psychology and criminal justice, that utilizes statistical models to forecast future outcomes based on historical data.
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