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Investing Glossary: Exceptional Return

Copyright 2010, Campbell R. Harvey. All Rights Reserved.
Do not reproduce without explicit permission.

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Term:
Exceptional Return
Definition:
Residual Return plus Benchmark timing return. For a given Asset with Beta equal to one, if its Residual Return is 2%, and the benchmark Portfolio exceeds its consensus expected returns by 1%, then the asset`s Exceptional Return is 3%.



 

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Leaps Long
Liquid Market
Market
Money
Nasdaq
NYSE
One-way Market
Option
Pacific Stock Exchange
Perfect Capital Market
Portfolio
Primary Market
Put


Nasdaq in a month?

Up

The same as now

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Glossary Q - Z
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Ratio
Reinvestment
Russell 2000
S&P
Shares
Soft Market
Stock
Surplus Funds
T-Rex Fund
Technical Analyst
Trading
Uncovered Call
Volume Moving Average
Workout Market
X or XD
Yield Spread
Z Bond
 

 

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3/18/2010 - SV1