- Joined
- 12/16/09
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Hi guys,
I came about an analysis where an analyst breaks down a stock's P&L between stock selection alpha P&L (versus an index or a sector) and market timing alpha P&L.
What do these metrics really mean? how can i calculate them? any documentation would be appreciated.
Thanks
I came about an analysis where an analyst breaks down a stock's P&L between stock selection alpha P&L (versus an index or a sector) and market timing alpha P&L.
What do these metrics really mean? how can i calculate them? any documentation would be appreciated.
Thanks