Portfolio Performance Measures: A Brief Survey and Hypothesis Testing

2000 ◽  
pp. 143-155
Author(s):  
G. L. Ghai ◽  
T. E. Pactwa ◽  
A. J. Prakash
Keyword(s):  
Hypothesis Testing ◽  
Performance Measures ◽  
Portfolio Performance

A Note on Ambiguity in Portfolio Performance Measures

1980 ◽  
Vol 35 (5) ◽  
pp. 1251-1256 ◽  
Author(s):  
DAVID PETERSON ◽  
MICHAEL L. RICE
Keyword(s):  
Performance Measures ◽  
Portfolio Performance

scholarly journals Sector Portfolio Performance Comparison between Islamic and Conventional Stock Markets

2019 ◽  
Vol 11 (17) ◽  
pp. 4618
Author(s):  
María de la O González ◽  
Francisco Jareño ◽  
Camalea El Haddouti
Keyword(s):  
Financial Crisis ◽  
Interest Rates ◽  
Performance Measures ◽  
Stock Markets ◽  
Global Financial Crisis ◽  
Negative Impact ◽  
Performance Comparison ◽  
Portfolio Performance ◽  
Sample Period ◽  
Performance Results

This study compares the performance of sector portfolios from Islamic and conventional stock markets, using standard as well as current performance measures for a recent sample period between January 1996 and December 2015. Furthermore, to test the robustness of our analysis and to determine which type of portfolios offer better performance depending on the economic cycle, the full sample period is divided into three sub-sample periods: Before, during and after the recent global financial crisis. The three main outcomes of this research confirm that, first, the sector with the best performance results is Health Care, while the sector with the worst performance results is Financials for the Islamic as well as the conventional stock market. Second, the post-crisis sub-period exhibits the best performance not only in conventional but also in Islamic markets, confirming that portfolio performance depends on the economic stage and highlighting emerging signs of economic recovery. Third, Islamic sector portfolios, as a whole, show better performance than conventional sector portfolios for all performance measures—not just for the full period but also for the three sub-sample periods. The superior risk-adjusted returns of the Islamic sector portfolios, even during the recent global financial crisis, can be justified, among other reasons, by the moderated uncertainty and speculation, as well as the fact that Islamic finance prevents interest rates that have a negative impact on the economy. Thus, Sharia-compliant assets can contribute to improving the sustainability of unattractive performance portfolios during financial crises.

Portfolio Performance Manipulation and Manipulation-proof Performance Measures

2007 ◽  
Vol 20 (5) ◽  
pp. 1503-1546 ◽  
Author(s):  
William Goetzmann ◽  
Jonathan Ingersoll ◽  
Matthew Spiegel ◽  
Ivo Welch
Keyword(s):  
Performance Measures ◽  
Portfolio Performance

Classical Portfolio Performance Measures: A Primer

2020 ◽  
Author(s):  
Pascal Francois ◽  
Georges Hübner
Keyword(s):  
Performance Measures ◽  
Portfolio Performance

scholarly journals A Proposal for a Unifying Set of Definitions of Fatigue

2021 ◽  
Vol 12 ◽  
Author(s):  
Simon Skau ◽  
Kristoffer Sundberg ◽  
Hans-Georg Kuhn
Keyword(s):  
Hypothesis Testing ◽  
Performance Measures ◽  
Knowledge Production ◽  
Research Fields ◽  
Set Up

In this paper, we propose a set of unifying definitions that are useful in all areas of fatigue research while remaining neutral to the various theories about fatigue. We first set up two criteria and four desiderata that a definition for interdisciplinary use needs to fulfill: (i) non-circularity, (ii) finiteness, (iii) broadness, (iv) precision, (v) neutrality, and (vi) phenomenon-focus. We argue that other existing attempts to unify definitions within fatigue research do not fulfill all of these criteria and desiderata. Instead, we argue for a set of stipulative definitions, centered around performance measures and subjective estimations, is required in order to maximize clarity. In total, a set of 13 distinct definitions of fatigue and fatigue-related phenomena is presented. These definitions will help facilitate communication between different researchers, link phenomena from divergent research fields together, facilitate application and knowledge production, and increase the specificity for hypothesis testing.

Portfolio Performance Manipulation and Manipulation-Proof Performance Measures

CFA Digest ◽  
2008 ◽  
Vol 38 (2) ◽  
pp. 63-65
Author(s):  
Johann U. de Villiers
Keyword(s):  
Performance Measures ◽  
Portfolio Performance
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