Web www.software-risk.co.uk

Difference between an asset's return and the riskless rate. Sometimes confused with abnormal returns, returns in excess of those required by some asset pricing model.

Copyright © 2005, Campbell R. Harvey. All Worldwide Rights Reserved. Do not reproduce without explicit permission.

Related Articles
Systematic Return
Riskless rate
Factor Return
Excess return on the market portfolio
Excess reserves
Excess profits tax
Excess margin
Excess kurtosis

Similar Areas

Finance Items

Selected Books

Keywords

Excess returns

asset return

riskless rate

excess

returns

asset pricing model