Excess Returns
Returns in excess of the risk-free rate or in excess of a market measure (such as an index fund). Investopedia Says:
In other words, when you have excess returns you are making more money than if you put your money into an index fund like the Dow (DJIA). Related Terms:
Alpha Generator
Dow Jones Industrial Average - DJIA
High Minus Low - HML
Index Fund
Null Hypothesis
Return
Risk Free Rate of Return |