How does alpha factor into the evaluation of a mutual fund's performance? Option: Alpha measures the fund's excess return over its benchmark, adjusted for risk, Alpha is a measure of the fund's overall volatility, Alpha is only relevant for debt funds, Alpha represents the fund's total return, regardless of risk

How does alpha factor into the evaluation of a mutual fund's performance?

What does beta measure in the context of mutual funds?

What is the primary goal of an active mutual fund manager?

How is a mutual fund's beta interpreted in relation to its benchmark?

What does the Sharpe Ratio indicate in mutual fund evaluation?

What is the primary function of capture ratios in mutual fund analysis?