William Sharpe Sharpe 1994 the Ex Ante Sharpe Ratio the Ex Post Sharpe Ratio .

Sharpe1966.

WorldQuantGOLD LEVLEBrain .

Understanding the Context

SharpeSharpe. 46

MRSdeManRogosaSharpe1960pH.

Sharpe Ratio ( - ) / Volatility .

CAPM CAPMCapital Asset Pricing ModelWilliam SharpeJohn LintnerJan Mossin1960 .

Key Insights

45 457.

5000x +500x -600x -700

3SRSharpe Ratio .