Phân tích tư tưởng của nhân dân qua đoạn thơ: Những người vợ nhớ chồng… Những cuộc đời đã hóa sông núi ta trong Đất nước của Nguyễn Khoa Điềm
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We control for risk exposures in measuring the funds' ability to outperform following the four factor
approach advocated by Carhart (1997). We start with a Pan-European four-factor model. The four
factors include a market risk factor, measured by the MSCI Europe total return index minus the
one-month Euribor short rate; a size factor (small minus big, or SMB) that captures the di erence
between returns on the Europe STOXX Small Cap Return Index and the Europe STOXX Large
Cap Return Index; a value factor (high minus low, or HML) computed as the di erence between
European value and growth portfolios. Finally, our momentum factor is constructed from the
following...
Nội dung trích xuất từ tài liệu:
Buffett’s Alpha
