Re: Benchmarks, do these make sense?
Thanks for the response Patrick.
Yes, we have been beating the benchmark by about 2% (including fees) so far. My question is whether the benchmark we are comparing against is a good one or not?
That actually makes me think of another question, is there an easy way to get an aggregate standard deviation for a collection of indexes like I have in my benchmark? That is, if I can get the standard deviation for each individual one, how would I add them together to get the overall std dev? This is how I would measure risk. Or is there software that can do it for me? I may be completely off on my thinking here.
"The longer I live the more I see that I am never wrong about anything, and that all the pains that I have so humbly taken to verify my notions have only wasted my time." - George Bernard Shaw