R-squared – or the coefficient of determination – is a statistical measure that represents the percentage of a fund or security's movements that can be explained by movements in a benchmark index.
Most investors have probably never heard of the R-Squared Growth Rate. And even fewer know what it means. (Ten years ago, you could count me as one of them.) But, now I do. I want you to know too. So ...
Your article was successfully shared with the contacts you provided. April 15, 2004 — The R-squared statistic measures how closely a fund follows the market. When put to good use, it can help mutual ...