Excess Returns

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Excess returns

Difference between an asset's return and the riskless rate. Sometimes confused with abnormal returns, returns in excess of those required by some asset pricing model.

Excess Return

A return that is larger than some benchmark, especially the risk-free return. A portfolio, for example, may have an excess return above the index on which it is based. This occurs when the portfolio manager makes certain investment decisions that pay off for the investor. It is important to note that receiving an excess return almost always requires one to take on more risk.

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Abnormal Returns Alpha Alpha Equation Beta Beta Equation Equity Risk Premium Event Anomalies Excess Return Excess Return on the Market Portfolio Intellidex January Barometer Portfolio Beta Residual Return Retorno superior al mercado Reward-to-Volatility Ratio Risk-Free Return Security Characteristic Line Sharpe Ratio Specific Return			t] are the excess returns on the factor-mimicking portfolios for market equity (small minus big [SMB]) and book-to-market equity (HML) in month t. On the use of multifactor models to evaluate mutual fund performance by Huij, Joop; Verbeek, Marno / Financial Management Currency excess returns are highly predictable and strongly counter-cyclical. International Finance and Macroeconomics by NBER Reporter The objective of this study is to examine excess returns across de facto exchange rate regimes in Egypt, Jordan, Morocco and Tunisia. Do excess returns vary across de facto exchange rate regimes? A ... by Abdelbaky, Mahmoud; Sylwester, Kevin / Indian Journal of Economics and Business			Examiner Exante Average Rate of Return Excedente de reservas Excedente del consumidor Excedente do consumidor Except for Opinion exception Exceptional Item Exceptional Return Exces de la demande Exceso de demanda Excess accumulation Excess Contribution Excess Deferral Excess Demand Excess Interest Excess Kurtosis excess land Excess Loan Excess Margin Excess Profits Tax excess rent Excess Reserves Excess Return Excess Return on the Market Portfolio Excess Returns Excess Social Security Tax Withheld Excess Supply Excess-Accumulation Penalty Excess-Currency Country Excessive Insurance Excessive Purchases Excessive Trading exchange Exchange Acquisition Exchange Against Actual Exchange Controls Exchange Distribution Exchange Fund Exchange Member Exchange Members Exchange of Assets Exchange of Futures for Cash Exchange of Stock Exchange Offer Exchange Privilege Exchange Rate Exchange Rate Bands Exchange Rate Mechanism Exchange Rate Risk Exchange Ratio			Excess profit tax Excess profit tax Excess profits Excess profits Excess profits Excess profits Excess Profits Levy Excess profits tax Excess profits tax Excess profits tax Excess Profits Tax of 1950 Excess Profits Tax of 1950 Excess Profits Taxes Excess Profits Taxes excess property Excess Property Laydown Yard/Scrap Metal Laydown Yard Excess Property Unit Excess Rainfall Hyetograph excess reactivity Excess Reduction Fee Excess Regulation Index Excess Relative Risk at 1 Sievert excess rent Excess Report Excess Reporting & Uniform Redistribution System Excess Reporting System Excess reserve Excess reserves Excess return Excess return on the market portfolio Excess Returns Excess Share Insurance Excess Social Security Tax Withheld Excess Steam Demand Event Excess Steam Dump Event excess supply excess supply Excess urine production Excess urine production Excess urine production Excess Water Storage Capacity Excess Weight Loss Excess Winter Death Index Excess, Surplus Sales, And Shipping Excess-Accumulation Penalties Excess-Accumulation Penalty Excess-Currency Countries Excess-Currency Country excess-fifty code Excess-Profits Tax Excess-Profits Tax excess-three code excessed excessed excessed excessed excessed excesses excesses excesses excesses

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