Which of the following measures of risk-adjust returns is least likely to use beta? A. Treynor measure B. Jensen's alpha C. M-squared measure

The correct answer is C.M-squared and Sharpe ratio measures of risk-adjust returns use standard deviation or total risk. Treynor and Jensen's alpha use beta or systematic risk.

CFA Level 1 Question Of The Week - Portfolio Management (6) - CFA Level 1

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  18 Sep 2019 at 7:51 pm
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  The correct answer is C.
  
  M-squared and Sharpe ratio measures of risk-adjust returns use standard deviation or total risk. Treynor and Jensen’s alpha use beta or systematic risk.
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