search query: @author Goodwin, T. H. / total: 2
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| Author: | Goodwin, T. H. |
| Title: | The information ratio |
| Journal: | Financial Analysts' Journal
1998 : JUL/AUG, VOL. 54:4, p. 34-43 |
| Index terms: | Models Information Portfolio management Performance appraisal USA |
| Language: | eng |
| Abstract: | In spite of the widespread use of information ratios to gauge the performance of active money managers, confusion persists over how to calculate information ratio, how to interpret it, and what constitutes a "good" one. It is argued that the simplest form and interpretation of the ratio is the most useful for investors. The paper clarifies the relationship btw. information ratio and t-statistic, compares four methods of annualizing an information ration, and presents the empirical evidence on the distribution of information ratios by style, which provides a context in which to examine questions. |
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