The most important objectives in portfolio management are to have the highest average return at a certain level of risk and eliminate unsystematic through diversification. Measuring performance their portfolios has an place investment decisions for investors who want maximum risk. In order measure performance, there three basic methods; Sharpe Ratio, Treynor Ratio Jensen’s Alpha indices. this s...

If individuals derive a small utility from gambling, we should observe high turnover in portfolios that are of only marginal importance to them. By the use of detailed individual financial data, as well as trades from a Swedish online broker, I measure the frequency and cost of online trading in the cross-section, and find the opposite relation. Those who have online portfolios that constitute ...

Portfolio managers claim to be able to generate abnormal returns through either superior asset selection or market timing. The Treynor and Mazuy (TM) model is the mostly used return-based approach to isolate market timing skills, but all existing corrections of the regression intercept can be manipulated by a manager who can trade derivatives. We revisit the TM model by applying the original op...

The most commonly used measures for evaluating the competing mutual funds are “Treynor Ratio”, “Sharpe Ratio” and “Jensen’s Alpha”. One also uses another measure called the “Information Ratio”. However, it is not clear which measure is the most robust. The purpose of our study is to evaluate the performance of mutual funds under the broad framework of Multi-Attribute Decision Analysis approach ...

This research reports on the findings of a study that examined the performance of Islamic unit trust funds in comparison with the conventional trust funds in Malaysia. The objectives of the study were to compare the nature and characteristics of both funds, assess their risks and returns profiles, measure the degree of diversification and compare the consistency of performance ranking. The perf...

Index tracking is an investment approach where the primary objective is to keep portfolio return as close as possible to a target index without purchasing all index components. The main purpose is to minimize the tracking error between the returns of the selected portfolio and a benchmark. In this study, quadratic as well as linear models are presented for minimizing the tracking error. The unc...

Reksadana adalah media yang digunakan untuk mengumpulkan uang dari investor dan kemudian diinvestasikan dalam bentuk portofolio oleh manajer investasi. Penelitian ini bertujuan mengukur kinerja investasi reksadana syariah dengan menganalisis securities selection skill market timing ability berdasarkan model TreynorMazuy Henriksson-Merton. Data penelitian Nilai Aktiva Bersih, Sertifikat Bank Ind...

Investment is an activity carried out by investors placing their funds in asset. The purpose of investment to gain long-term profits the future. These come from changes price assets future, which refers increase value asset over time. Currently, there are several types investments. However, type that quite widely practiced Indonesian society stock investment. Indonesia Stock Exchange (IDX) grou...

The widely prevalent and complex sleep problem known as insomnia, that is characterised by persistent trouble falling asleep or staying asleep, continues to have a negative impact on one's physical, emotional, cognitive well-being. By examining the connections between rumination, positive emotions, their combined quality, this study paper dives into nature of insomnia. goal improve our comprehe...

This study aims at investigating the performance of Indian stock indices augmenting carbon emissions such as BSE Energy index and Oil & Gas vis a-vis BSESNSEX, apex representing market, also those capturing commitment industries towards mitigating risks arising from pollution climate change, Greenex Carbonex, with reference to investors’ benchmark viz., BSESENSEX, during period January 2010...