Good vs. Mediocre Alpha (long equities)
For long book in equities, what is considered good and great alpha? Is beating the index by 100-200bps p.a. considered good over long period of time? or is that considered mediocre?
For long book in equities, what is considered good and great alpha? Is beating the index by 100-200bps p.a. considered good over long period of time? or is that considered mediocre?
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Depend highly on what the underlying index (absolute returns) is and volatility metrics
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