This study examines the ability of interest rates, as measured by Treasury bill yields, to track expected monthly, quarterly and annual returns in the Sri Lankan stock market during the 1990-97 period. Different from the findings in most prior studies on foreign markets, the results indicate a...

The portfolio performance evaluation involves the determination of how a managed portfolio has performed relative to some comparison benchmark. Performance evaluation methods generally fall into two categories, namely conventional and risk-adjusted methods. The most widely used conventional...