Excess return on the market portfolio 


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Excess return on the market portfolioDifference between the return on the market portfolio and the riskless rate.Excess return on the market portfolio Similar MatchesHedged portfolioHedged portfolioA portfolio consisting of a long position in the stock and a long position in the put option on the stock, so as to be riskless and produce a return that equals the riskfree interest rate. Portfolio internal rate of returnPortfolio internal rate of returnThe rate of return computed by first determining the cash flows for all the bonds in the portfolio and then finding the interest rate that will make the present value of the cash flows equal to the market value of the portfolio. Protected portfolioProtected portfolioA term used by the London Stock Exchange to denote that a transaction was reported as a protected portfolio, or was as a result of a worked principle agreement for a portfolio transaction. Characteristic portfolioCharacteristic portfolioA portfolio which efficiently represents a particular asset characteristic. For a given characteristic, it is the minimum risk portfolio, with portfolio characteristic equal to 1. For example, the characteristic portfolio of asset betas is the benchmark. It is the minimum risk beta = 1 portfolio. Inefficient portfolioInefficient portfolioGroup of assets dominated by at least one other portfolio under the mean variance rule. For example, if A has both lower return and higher volatility than B, we say A is dominated by B. Further SuggestionsPortfolio varianceTilted portfolio Complete portfolio Structured portfolio strategy Passive portfolio strategy Portfolio capital Diversified portfolio Well diversified portfolio Foreign portfolio investment portfolio Select ten portfolio Minimum variance portfolio Portfolio flow Portfolio Modern portfolio theory Portfolio opportunity set Portfolio Portfolio turnover rate Feasible set of portfolios Levered portfolio Replicating portfolio Portfolio theory Zero investment portfolio Normal portfolio Factor portfolio 
