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dc.contributor.authorGorman, Larry R.; Weigand, Robert A.en_US
dc.dateJuly 2008en_US
dc.date.accessioned2014-11-10en_US
dc.date.accessioned2018-11-02T14:38:37Z
dc.date.available2014-11-10en_US
dc.date.available2018-11-02T14:38:37Z
dc.identifier.otherSchool of Business Working Paper Series; No. 102en_US
dc.identifier.urihttps://wuir.washburn.edu/handle/10425/316
dc.description.abstractWe present an exercise that guides students through the rationale and techniques for identifying and correcting for alpha bias in the reported performance of equity portfolios. The exercise is particularly relevant for Student Investment Fund programs that invest actual money, as the historical performance of the class portfolio can be used in the activity, which creates an additional level of engagement for students. Students learn why portfolios that emphasize small-capitalization and/or value stocks tend to display a positive alpha bias (overstating performance), and why portfolios that emphasize large-capitalization and/or growth stocks tend to display a negative alpha bias (understating performance).en_US
dc.format.mediumPDFen_US
dc.language.isoEngen_US
dc.publisherWashburn University, School of Businessen_US
dc.subjectAlphaen_US
dc.subjecten_US
dc.subjectBetaen_US
dc.subjectCapital Assets Pricing Modelen_US
dc.subjectCAPMen_US
dc.subjectFama-French Three-Factor Modelen_US
dc.subjectFinancial Risk Managementen_US
dc.subjectPerformance Attributionen_US
dc.subjectPortfolio Managementen_US
dc.subjectStudent Investment Fundsen_US
dc.titleTesting Equity Portfolios For Alpha Bias: An Exercise For Student Investment Fundsen_US
dc.typeWorking paperen_US
washburn.identifier.cdm29en_US
washburn.identifier.oclc304398332en_US
washburn.source.locationen_US


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