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Investing Glossary:
Residual Return
Copyright 2009,
Campbell R. Harvey. All Rights Reserved.
Do not reproduce without explicit permission.
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| Term: |
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| Definition: |
| Return independent of the benchmark. The Residual Return is the return relative to Beta times the Benchmark return. To be exact, an asset`s residual return equals its excess return Minus beta times the benchmark excess return.
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