Graham-Harvey Measure 1
Performance measure developed by John Graham and Campbell Harvey. The idea is to lever a fund's portfolio to exactly match the volatility of the S&P 500. The difference between the fund's levered return and the S&P 500 return is the performance measure.
Nearby TermsGraduated-payment mortgage (GPM) Graham and Dodd method of investing Graham-Harvey Measure 1 Graham-Harvey Measure 2 Gramm-Leach-Bliley Act
Copyright © 2011 Campbell R. Harvey, Professor of Finance, Fuqua School of Business at Duke University