Comparison Universe Draw Backs Flashcards
1
Q
Definition of Universes
A
Universes too broadly or too variably defined are not comparable
2
Q
Matching of Risk Profiles
A
Universes that do not match for risk are not representative
3
Q
Universe Size
A
Universes that are too small (through partitioning into sub-universes) are not reliable
4
Q
Survivorship Bias
A
Termination of unsuccessful funds may result in performance universes that are biased
5
Q
A
