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Sharpe ratio has become a standard measure by adjusting the return of a fund by its standard deviation Sharpe,nevertheless, practitioners often question this measure mainly for its invalidity if the distribution of fund returns is beyond normal Kao, ; Amin and Kat, ; Gregoriou and Gueyie,Cavenaile, et al,Di Cesare, et al, This is part of the reason I am getting away from.
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