A comparison of daily returns of the active portfolio to the passive portfolio (a mutual fund) over the trading period (downloads daily portfolio values from Stock-Trak to an Excel spreadsheet, remove weekends, calculated daily returns).
a Calculate and compare arithmetic and geometric means (daily and annualized).
b. Calculate and compare volatility measures; i.e., standard deviation (daily and annualized), range, coefficient of variation.
c. Calculate and compare the HPR over the trading period for the active and passive portfolios to the S&P 500.
d. Does the relationship seem reasonable given the risk associated with each portfolio/index?