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Fundamental
Relative Return
Return vs benchmark
Definition
Relative return measures performance compared to a benchmark index. Formula: (Portfolio Return - Benchmark Return). Positive relative return indicates outperformance (alpha generation).
Related Topics
#performance measurement
#benchmark comparison
#alpha
#active management
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Category: Fundamental
Fundamental analysis examines a company's financial health, management quality, and market position to determine intrinsic value.
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