Alpha measures a manager's skill in adding value to a portfolio beyond market gains. Beta assesses how a stock or fund's volatility compares to the market average. High alpha and low beta indicate ...

These five performance ratios, which measure risk-adjusted return, will help you rate how good your portfolio manager is at increasing the value of your portfolio.

This approach seeks the best construction of an optimally diversified portfolio. In effect, smart beta is a combination of efficient market hypothesis and value investing. One complaint smart beta ...

New strategy promises uncorrelated alpha at a time when many are thinking of where to put their equity wins from the past few ...