Daily BriefsQuantitative Analysis

Daily Brief Quantitative Analysis: Outperformance Ain’t Alpha and more

In today’s briefing:

  • Outperformance Ain’t Alpha

Outperformance Ain’t Alpha

By Nicolas Rabener

  • Do we know outperformance and alpha are not the same?
  • One is the difference from a benchmark, the other is the unexplained return
  • A contribution analysis helps understand the return drivers, let’s dive in deeper!

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