= Modigliani risk-adjusted performance
{wiki=Modigliani_risk-adjusted_performance}
Modigliani Risk-Adjusted Performance (MRAP) is a financial metric designed to evaluate the performance of an investment portfolio or asset relative to its risk. Developed by Franco Modigliani and his colleagues, MRAP is a variation of the Sharpe ratio, which measures the excess return an investment earns per unit of risk, but with specific adjustments to better account for various market conditions and risk factors. **Key Aspects of MRAP:** 1.
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