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Specific Return |
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Specific Return The part of the excess return not explained by common factors. The specific return is independent of (uncorrelated with) the common factors and the specific returns to other assets. It is also called the idiosyncratic return. Specific Return The return on an asset or investment over and above the expected return that cannot be explained by common factors. That is, the specific return is the return coming from the asset or investment's own merits, rather than the merits common to other, similar assets or investments. It is also called the idiosyncratic return. Want to thank TFD for its existence? Tell a friend about us, add a link to this page, add the site to iGoogle, or visit the webmaster's page for free fun content. |
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