Excess return
An excess return is the amount by which the return on an investment is greater than the risk free rate of return over a period.
This is not the same as the abnormal return, which is the out-performance over the risk adjusted return.
An excess return is the amount by which the return on an investment is greater than the risk free rate of return over a period.
This is not the same as the abnormal return, which is the out-performance over the risk adjusted return.