What is henriksson-merton market timing measure of foredge

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Question - In the past year, ForEdge, a foreign exchange forecasting company, correctly predicted euro appreciation 38 times and correctly predicted euro depreciation 91 times. There were a total of 102 euro appreciations and 150 euro depreciations in the past year. What is the Henriksson-Merton market timing measure of ForEdge?

Reference no: EM133140916

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