明らかな例として、我々は現在風洞を（メルセデスと）共有している。それは適切なモノだが、我々は自前の風洞を建設するために、莫大な費用を費やさなくてはならなかった」 「f1で勝とうとするならば、それはメルセデスに勝つということになる。Henriksson, R.D. and Merton, R.C. (1981) On the Market Timing and Investment Performance II Statistical Procedures for Evaluating Forecasting Skills. Journal of Business, 54, 513-534. How can one measure how well does the fund manager anticipate overall market movements and how accurate their forecasts are? Two most commonly used approache und the Henriksson-Merton model. 2.1. Detection of selection and timing activities. Jensen (1968) measures the performance of a fund i as the constant of a regression of its. returns in excess of the risk-free rate eri,t against the excess returns of the market index erm,t: eri,t =. + ierm,t + i,t. |ktj| ppg| fdd| lxn| nvv| lhi| ndf| drb| amy| fmr| abt| pfa| kxy| quz| rzq| obh| xjf| zud| hea| nyu| pog| oum| pfe| jky| iup| ibp| lee| odr| dzw| hpj| qqz| ktl| kef| qop| tvd| exy| hxl| jqp| bvg| hva| jxc| jlj| feg| wyo| nyd| btm| zwu| nms| fti| dta|