Portfolio Performance Ratios
The article proposes four coherence axioms that portfolio performance ratios should meet, arguing that performance ratios with fixed thresholds other than the risk-free rate do not meet these axioms, allowing portfolio managers to manipulate performance ratios by altering the proportion of the risk-free asset in the portfolio.
Featured in No. 38 on 21 Feb 2024 ·
- Released
- 8 Apr 2021
- First featured
- No. 38 · 21 Feb 2024
- Published in
- Not yet, as far as Semantic Scholar knows
- Shares when featured
- 2
- Identifier
- SSRN 4726423
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