Please answer both part a and b.

5. The following table gives data of Aditya Birla Equity Mutual Fund. a. Calculate the following performance measures for Mutual Fund (P) and the SP500 (M). Sharp. Jensen (alpha), Treynor, Information ratio, M square and Famma's Net selectivity By which measures did portfolio P outperform the market? b. How do you account for market timing that involves shifting funds between active and passive portfolios? Give details of various econometric models used to analyze the timing effect