Calculating Alpha
I need to figure out how to calculate alpha. All the other calculations are included on the attached. Please show me how to calculate. MARKET Apr-91 13.46% AVERAGE 16.39% Apr-92 10.55% STD. DEV. 10.91% Apr-93 6.08% VARIANCE 1.19% Apr-94 2.44% CO-VAR. 1.07% Apr-95 14.15% Apr-96 27.09% Apr-97 22.50%