Algunos conceptos sobre la evaluación de portafolios de inversión
Some concepts on the assessment of investment portfolios
Alfonso Ayala Loro ()
MPRA Paper from University Library of Munich, Germany
In this paper we review the main theoretical financial indicators developed to evaluate investment portfolios, as Jensen’s Alpha, Treynor Index, based on risk as portfolio’s beta, as well as Sharpe’s index based on risk as volatility. Then, we show the fundamentals of conditional evaluation that can provide us additional elements in comparison with CAPM tradition, particularly in emerging markets.
Keywords: Evaluación de portafolios; Índice de Jensen; Índice de Treynor; Índice de Sharpe; CAPM; Evaluación condicional (search for similar items in EconPapers)
JEL-codes: G11 G10 (search for similar items in EconPapers)
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Persistent link: https://EconPapers.repec.org/RePEc:pra:mprapa:42404
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