Compare the alpha obtained from a capm model with that in


“Jensen's alpha is a measure of the margina return associated with an additional strategy tha is not explained by existing factors.” Explain this statement. Compare the alpha obtained from a CAPM model with that in the 3-factor FamaFrench model. Would you expect alphas to go up or down during financial crises?

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Financial Management: Compare the alpha obtained from a capm model with that in
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