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If possible, also ask for pooled funds' Jensen index, which measures the return that the funds are generating in excess of what they should be generating taking into consideration the funds' volatility relative to a benchmark index.
Jensen index: The Jensen index considers the following equation assuming that CAPM is valid.
In view of the fact that index rankings were highly correlated, to attain consistency with the first phase of the analysis, the Jensen index was chosen to compare the performances of funds within the years.