Sentences with phrase «alpha by luck»

The authors define a «false discovery» as a mutual fund that exhibits significant alpha by luck alone.

Not exact matches

Discredited by the government after revealing the existence of Alphas in Season One, Dr. Lee Rosen (Academy Award ® nominee David Strathairn, Good Night, and Good Luck) must re-assemble his now defunct team to face the growing threat of Alpha extremist Stanton Parish (John Pyper - Ferguson, Fringe).

In simple terms, if T - statistic is 2 or higher one can be 95 % confident that average alpha did not occur by chance, however still there can be 5 % probability that alpha is due to luck or chance.