What is ‘Absolute Return Index’
A stock index designed to measure absolute returns. The absolute return index is actually a composite index made up of five other indexes. This index is used to compare the absolute returns posted by the hedge fund market as a whole against individual hedge funds.
Explaining ‘Absolute Return Index’
The hedge fund absolute return index (HFRX) measures the comprehensive overall returns of hedge funds. Since hedge funds explore unique investment strategies and seek to obtain absolute returns rather than focus on beating the benchmark, the HFRX is representative of all hedge fund strategies.
Absolute Return Index FAQ
What is absolute return rate?
How do you calculate absolute return?
What is absolute return example?
What is absolute and relative return?
- Modelling the absolute returns of different stock indices: exploring the forecastability of an alternative measure of risk – onlinelibrary.wiley.com [PDF]
- Method and system for construction of a passive absolute return index – patents.google.com [PDF]
- The myth of the absolute-return investor – www.tandfonline.com [PDF]
- A VaR Black–Litterman model for the construction of absolute return fund-of-funds – www.tandfonline.com [PDF]
- Absolute return portfolios – www.sciencedirect.com [PDF]
- The Anatomy of Principal-Protected AbsoluteReturn Barrier Notes – jod.pm-research.com [PDF]
- Return-based classification of absolute return funds – link.springer.com [PDF]
- Absolute returns in commodity (natural resource) futures investments – www.sciencedirect.com [PDF]