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...Market participants portfolio manager pm makes decisions about which securities to buy and sell in his her side analyst reports delivers recommendations on trade ideas from stocks space research analysis salesperson markets s trader carries out the instructions executes trades for evaluating performance total return percentage change value of a security over specific time horizon has two components price appreciation capital gain dividends distributions individual tra comp risk free excess calculations number shares sum all values weight mv current initial weighted average i e each tr p l day relative returns uses benchmark determine if their period was relatively good or bad active strategy attempt beat adjusted alpha passive replicate tracking error measures beta correlation stock with overall hra percent given...