_________ is defined as the return of an investment without any adjustment for risk or comparison to a benchmark.
A) The Treynor ratio
B) The raw return
C) Jensen's alpha
D) The Sharpe ratio
E) The Jensen-Treynor alpha

Question

Quizplus · Accepted Answer

The raw return is the return earned from an investment without any adjustments made for risk or comparison to a benchmark. The other options, such as the Treynor ratio, Jensen's alpha, and Sharpe ratio, all take into account risk and/or benchmark comparisons. The Jensen-Treynor alpha is a combination of the Jensen's alpha and the Treynor ratio, so it also involves risk and benchmark adjustments.

_________ Is Defined as the Return of an Investment Without