Question: The output below is generated from regressing Fund A's excess returns on market's excess returns (S&P 500). Intercept Estimate SE Adj R-sq t Stat

The output below is generated from regressing Fund A's excess returns on market's excess returns (S&P 500). How well does CAPM explain the returns on Fund A?

The output below is generated from regressing Fund A's excess returns on market's excess returns (S&P 500). Intercept Estimate SE Adj R-sq t Stat -0.0098 0.0077 -1.2767 0.2068 Market index 1.3258 0.2157 6.1451 0.0000 0.3839 P-value Observations 60 How did Fund A perform relative to the market on a risk-adjusted basis? (assuming CAPM is true) How well does CAPM explain the returns on Fund A?

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