Footnote:
Nach Informationen von SSRN wurde die ursprüngliche Fassung des Dokuments November 26, 2009 erstellt
Description:
We analyze the Sharpe ratio and 14 alternative reward-to-risk ratios. Every alternative ratio leads to the same ranking of investment funds as the Sharpe ratio if the funds' return distributions satisfy the location and scale condition (see Meyer, 1987). It then makes no difference whether funds are ranked with the Sharpe ratio or an alternative ratio