R2
What is it? A measurement of investment risk that shows how closely the portfolios performance correlates with the performance of a benchmark index such as the Standard and Poors(r) 500 Index-and thus indicates how closely that performance is linked to the broad market. A high R2 signifies that the portfolios fluctuations generally reflect market moves, while a low R2 indicates that other factors tend to drive fund performance.Added By: Will
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