# arithmetic differenceの例文

- While it is then common for the numerator to be calculated as the
*arithmetic difference* between the annualized portfolio return and the annualized benchmark return, this is an approximation because the annualization of an arithmetic difference between terms is not the arithmetic difference of the annualized terms. - While it is then common for the numerator to be calculated as the arithmetic difference between the annualized portfolio return and the annualized benchmark return, this is an approximation because the annualization of an
*arithmetic difference* between terms is not the arithmetic difference of the annualized terms. - While it is then common for the numerator to be calculated as the arithmetic difference between the annualized portfolio return and the annualized benchmark return, this is an approximation because the annualization of an arithmetic difference between terms is not the
*arithmetic difference* of the annualized terms. - Since the denominator is here taken to be the annualized standard deviation of the
*arithmetic difference* of these series, which is a standard measure of annualized risk, and since the ratio of annualized terms is the annualization of their ratio, the annualized information ratio provides the annualized risk-adjusted active return of the portfolio relative to the benchmark.