翻訳と辞書 Words near each other ・ Modifier letter double apostrophe ・ Modifier letter left half ring ・ Modifier letter right half ring ・ Modifier letter ring above ・ Modifier Tone Letters ・ Modify Watches ・ Modig ・ Modiga agenter ・ Modiga mindre män ・ Modigliana ・ Modigliana Cathedral ・ Modigliani ・ Modigliani (film) ・ Modigliani (Lost In Your Eyes) ・ Modigliani Quartet ・ Modigliani risk-adjusted performance ・ Modigliani–Miller theorem ・ Modigs ・ Modiin Energy ・ Modikwa mine ・ Modikwe Dikobe ・ Modillion ・ ModiLuft ・ Modimelanotide ・ Modimolle ・ Modimolle Local Municipality ・ Modin ・ Modin Formation ・ Modinagar ・ Modinagar (Assembly constituency) Dictionary Lists mini英和辞書 mini和英辞書 Webster 1913 Latin-English FOLDOC Wikipedia English ウィキペディア

翻訳と辞書　辞書検索 [ 開発暫定版 ] スポンサード リンク Modigliani risk-adjusted performance ： ウィキペディア英語版 Modigliani risk-adjusted performance Modigliani risk-adjusted performance (also known as M2, M2, Modigliani–Modigliani measure or RAP) is a measure of the risk-adjusted returns of some investment portfolio. It measures the returns of the portfolio, adjusted for the risk of the portfolio relative to that of some benchmark (e.g., the market). It is derived from the widely used Sharpe ratio, but it has the significant advantage of being in units of percent return (as opposed to the Sharpe ratio – an abstract, dimensionless ratio of limited utility to most investors), which makes it dramatically more intuitive to interpret. == History == In 1966, William F. Sharpe developed what is now known as the Sharpe ratio. Sharpe originally called it the "reward-to-variability" ratio before it began being called the Sharpe ratio by later academics and financial operators. Sharpe slightly refined the idea in 1994. In 1997, Nobel-prize winner Franco Modigliani and his granddaughter, Leah Modigliani, developed what is now called the Modigliani risk-adjusted performance measure. They originally called it "RAP" (risk-adjusted performance). They also defined a related statistic, "RAPA" (presumably, an abbreviation of "risk-adjusted performance alpha"), which was defined as RAP minus the risk-free rate (i.e., it only involved the risk-adjusted return above the risk-free rate). Thus, RAPA was effectively the risk-adjusted excess return. The RAP measure has since become more commonly known as "M2" (because it was developed by the two Modiglianis), but also as the "Modigliani–Modigliani measure" and "M2", for the same reason. 抄文引用元・出典: フリー百科事典『 ウィキペディア（Wikipedia）』 ■ウィキペディアで「Modigliani risk-adjusted performance」の詳細全文を読む スポンサード リンク 翻訳と辞書 : 翻訳のためのインターネットリソース Copyright(C) kotoba.ne.jp 1997-2016. All Rights Reserved.