Mutual
Funds
Statistical Significance
of Alpha (t-stat = 2)
Region of Statistically
Significant Alpha (t-stat > 2)
Region of Statistically
Insignificant Alpha (t-stat < 2)
Statistically
Significant
(SKILL)
97.5% Certainty Line
Statistically
Insignificant
(LUCK)
Positive Alpha
({{aboveAvgCount}} | {{ aboveAvgCount / (aboveAvgCount+belowAvgCount+liquidatedOrMergedFunds) *100| number:2 }}%)
Negative Alpha
({{belowAvgCount}} | {{ belowAvgCount / (aboveAvgCount+belowAvgCount+liquidatedOrMergedFunds) *100| number:2 }}%)
Liquidated or Merged Funds from A-Z
({{liquidatedOrMergedFunds}} | {{ liquidatedOrMergedFunds / (aboveAvgCount+belowAvgCount+liquidatedOrMergedFunds) *100| number:2 }}%)
L/M*
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Standard Deviation of Alpha¹ (%)
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Standard Deviation of Alpha¹ (%)
t-stat
calculator
BENCHMARK METHOD:
Morningstar Benchmark
Fama/French Factors
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Returns Adjusted Using the Fund's Morningstar Analyst Assigned Benchmark
Returns Adjusted Using the Fama/French 3 Factor Model:
Minimum Track Record to
Indicate Skill (t-stat > 2):
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Average Annual {{gapLabel}}:
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Standard Deviation of {{gapLabel}}:
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t-Statistic:
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(a t-stat of >2 = 97.5% confidence of skill)
FUND: {{fundData.fund}} {{ fundData.fundSymbol.indexOf('-') > 6 && fundData.fundSymbol.indexOf('NTK-') < 0 ? '(' + fundData.fundSymbol.substring(fundData.fundSymbol.indexOf('-') +1, fundData.fundSymbol.length) + ')' : '' }} | BENCHMARK: {{fundData.benchmark}}
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Average Annual Alpha:
Standard Deviation of Alpha:
Liquidated or Merged Fund
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