Microsoft Excel is a popular platform that consists of features, such as calculation, graphing tools, pivot tables, and a macro programming language known as Visual Basic for Application (VBA). Users ...

Learn what active risk is and how to calculate it. Understand the methods to evaluate active risk in portfolios and explore examples of funds outperforming benchmarks.

In response to my article, Is the Stock Market Too Concentrated?, which relied upon standard-deviation calculations to assess investment risk, a reader wrote: “My problem [with your argument] is ...