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Performance Measures: Traditional Versus New Models, Hasan Zafer Yuksel
Performance Measures: Traditional Versus New Models, Hasan Zafer Yuksel
Theses Digitization Project
The thesis analyzed the performance of 5,987 mutual funds using a database called Steele Mutual Fund Experts and compared the predicting ability of various measures of performance. The measures discussed in the thesis are Treynor Ratio, Sharpe Ratio, Jensen's Alpha, Graham-Harvey-1 (GH-1), and Graham-Harvey-2 (GH-2). The performance measures are mostly used by professional money managers and scholars for literary purposes.