---
title: Sharper Than Sharpe: A New Portfolio Measure
url: https://www.ml-quant.com/papers/ssrn/4823752/
site: ML-Quant (https://www.ml-quant.com)
updated: 2026-09-26
license: Summaries CC BY 4.0; links go to the original sources
index: https://www.ml-quant.com/llms.txt
identifier: SSRN 4823752
source_url: https://papers.ssrn.com/sol3/papers.cfm?abstract_id=4823752
featured: 2024-05-15
citations: 0
topic: Portfolio & Allocation
---


# Sharper Than Sharpe: A New Portfolio Measure

A novel portfolio measure of risk-adjusted excess returns is introduced, which views any negative impact on compound return as risk, addressing some criticisms of the Sharpe ratio.

- Source: https://papers.ssrn.com/sol3/papers.cfm?abstract_id=4823752
- Identifier: SSRN 4823752
- Released: 2024-05-10
- First featured: Quant Letter No. 49 (2024-05-15): https://www.ml-quant.com/issues/2024-05-15/
- Citations (Semantic Scholar): 0
- Published in: not yet
- Topic: Portfolio & Allocation

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