For the Active Security Returns and The Basic Fundamental Law of Active Management Chapter, combining formula 13 and formula 11, should we conclude that E(Ra) = IC*Std(a)/Square root of BR. in formula 11, it is in the denominator right?
For the Active Security Returns and The Basic Fundamental Law of Active Management Chapter, combining formula 13 and formula 11, should we conclude that E(Ra) = IC*Std(a)/Square root of BR. in formula 11, it is in the denominator right?