Excess return on the market portfolio(redirected from Excess Returns on the Market Portfolio)
Excess return on the market portfolio
Copyright © 2012, Campbell R. Harvey. All Rights Reserved.
Excess Return on the Market Portfolio
The difference between the return on the market portfolio, a hypothetical portfolio of all securities, and the riskless rate of return, which is usually defined as the return on a 90-day Treasury bill. This may be taken as an indicator of how well (or poorly) the stock market is performing.
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