modified Sharpe ratio

Definition

A ratio that estimates the performance of an asset after risk adjustments. This ratio is an improved version of its earlier counterpart by eliminating the normal distribution factor and accounting for skewed distribution. The higher the ratio, the lower the volatility of the asset.
Browse Definitions by Letter: # A B C D E F G H I J K L M N O P Q R S T U V W X Y Z
modified prior approval state modular housing