alpha
Polish translation: wskażnik alfa efektywności zarządzania portfelem inwestycyjnym
| GLOSSARY ENTRY (DERIVED FROM QUESTION BELOW) | ||||||
|---|---|---|---|---|---|---|
|
| 19:28 Dec 31, 2017 |
| English to Polish translations [PRO] Bus/Financial - Finance (general) | |||||||
|---|---|---|---|---|---|---|---|
|
| ||||||
|  Selected response from: Frank Szmulowicz, Ph. D. United States Local time: 14:51 | ||||||
Grading comment
| |||||||
Answers
22 mins confidence: 
peer agreement (net): +1
peer agreement (net): +1wskażnik alfa efektywności zarządzania portfelem inwestycyjnym Explanation: Zarządzanie portfelem inwestycyjnym cz.2. Do oceny efektywności zarządzania portfelem inwestycyjnym, oprócz wymienionych w części I mierników, wykorzystuje się: Wskaźnik Alfa Jensena. wskaznik http://blog.inwestomierz.pl/tag/wskaznik-alfa-jensena/ ccccccc Alfa bliska zeru wskazuje na to, że akcje spółki z pominięciem ryzyka nie przyniosły zwrotu ponad rynek. Beta równa 1,33 mówi zaś o tym, że długoterminowo w analizowanym okresie tygodniowe wahania kursu akcji były przeciętnie o jedną trzecią silniejsze niż wahania głównego indeksu rynkowego. https://www.stockwatch.pl/artykuly/post/2010/04/12/Zarzadzan... cc cccccccccccc Alpha and beta are both risk ratios that investors use as a tool to calculate, compare, and predict returns. You are most likely to see alpha and beta referenced with mutual funds. Both measurements utilize benchmark indexes, such as the S&P 500, and compare them against the individual security to highlight a particular performance tendency. Alpha and beta are two of the five standard technical risk calculations, the other three being the standard deviation, R-squared, and Sharpe ratio. Alpha Alpha is perceived as a measurement of a portfolio manager's performance. For example, an 8% return on a growth mutual fund is impressive when equity markets as a whole are returning 4%, but it is far less impressive when other equities are earning 15%. In the first case, the portfolio manager would have a relatively high alpha, while that would not be true in the second. If a capital asset pricing model (CAPM) analysis indicates that the portfolio should have earned 5% (based on risk, economic conditions and other factors), but instead earned only 3%, then the alpha of the portfolio would be -2%. In CAPM, alpha is the rate of return that exceeds what the model predicted. Investors generally prefer an investment with a high alpha. The technical formula for calculating alpha is: (end price + distribution per share - start price) / (start price). https://www.investopedia.com/ask/answers/102714/whats-differ... cccccc Alpha is used in finance as a measure of performance. Alpha, often considered the active return on an investment, gauges the performance of an investment against a market index or benchmark which is considered to represent the market’s movement as a whole. The excess return of an investment relative to the return of a benchmark index is the investment’s alpha. Alpha is used for mutual funds and all types of investments. It is often represented as a single number (like 3 or -5), but this refers to a percentage measuring how the portfolio or fund performed compared to the benchmark index (i.e. 3% better or 5% worse). Alpha is often used in conjunction with beta, which measures volatility or risk. Alpha is also often referred to as “excess return” or “abnormal rate of return.” Deeper analysis of alpha may also include “Jensen’s alpha.” Jensen’s alpha takes into consideration capital asset pricing model (CAPM) market theory and includes a risk-adjusted component in its calculation. BREAKING DOWN 'Alpha' Alpha is one of five technical risk ratios. The others are beta, standard deviation, R-squared and the Sharpe ratio. These are all statistical measurements used in modern portfolio theory (MPT). All of these indicators are intended to help investors determine the risk-return profile of an investment. https://www.investopedia.com/terms/a/alpha.asp#ixzz52rzKfRE6 |
| |
Grading comment
| ||
| Login to enter a peer comment (or grade) | ||
7 hrs confidence: peer agreement (net): +2
peer agreement (net): +2alfa (miernik wyboru ryzyka przez fundusze inwestycyjne w stosunku do rynku) Explanation: Dictionary of Finance Terms for Professionals (II wydanie, C.H.Beck) |
| |
Login or register (free and only takes a few minutes) to participate in this question. You will also have access to many other tools and opportunities designed for those who have language-related jobs (or are passionate about them). Participation is free and the site has a strict confidentiality policy. KudoZ™ translation helpThe KudoZ network provides a framework for translators and others to assist each other with translations or explanations of terms and short phrases.
See also: Search millions of term translations Your current localization setting
English
Select a language Close search
| ||