Research Article
Selecting the Best of Portfolio Using OWA Operator Weights in Cross Efficiency-Evaluation
Table 5
Cross efficiency by optimism level of the investor for
.
| DMU | Mutual funds | VRS efficiency | | | | | | | | Ranking 
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| 1 | ACEFX | 0.32 | 0.324 | 0.323 | 0.323 | 0.319 | 0.312 | 0.306 | 0.308 | 50 | 2 | ACEGX | 0.33 | 0.334 | 0.333 | 0.333 | 0.328 | 0.322 | 0.315 | 0.317 | 48 | 3 | ACEMX | 0.32 | 0.324 | 0.287 | 0.323 | 0.319 | 0.312 | 0.306 | 0.308 | 49 | 4 | AELAX | 0.37 | 0.370 | 0.373 | 0.370 | 0.363 | 0.350 | 0.3392 | 0.336 | 44 | 5 | AELGX | 0.38 | 0.377 | 0.371 | 0.383 | 0.377 | 0.365 | 0.3550 | 0.353 | 43 | 6 | AGTHX | 0.56 | 0.569 | 0.572 | 0.566 | 0.560 | 0.558 | 0.556 | 0.568 | 21 | 7 | ARCGX | 0.46 | 0.472 | 0.454 | 0.468 | 0.463 | 0.459 | 0.456 | 0.465 | 34 | 8 | AVLFX | 0.55 | 0.560 | 0.563 | 0.558 | 0.552 | 0.546 | 0.541 | 0.549 | 22 | 9 | BJBIX | 0.31 | 0.311 | 0.313 | 0.310 | 0.307 | 0.301 | 0.297 | 0.300 | 51 | 10 | CUCAX | 0.56 | 0.572 | 0.564 | 0.568 | 0.561 | 0.558 | 0.554 | 0.565 | 20 | 11 | FAGIX | 0.66 | 0.669 | 0.667 | 0.670 | 0.627 | 0.509 | 0.410 | 0.320 | 9 | 12 | FAIAX | 0.24 | 0.246 | 0.248 | 0.246 | 0.242 | 0.236 | 0.232 | 0.233 | 55 | 13 | FAICX | 0.25 | 0.249 | 0.251 | 0.249 | 0.245 | 0.239 | 0.235 | 0.236 | 54 | 14 | FDEGX | 0.35 | 0.351 | 0.352 | 0.349 | 0.345 | 0.339 | 0.334 | 0.337 | 46 | 15 | FEURX | 0.38 | 0.379 | 0.382 | 0.378 | 0.3751 | 0.372 | 0.370 | 0.377 | 42 | 16 | FIUIX | 0.69 | 0.694 | 0.693 | 0.693 | 0.683 | 0.667 | 0.653 | 0.655 | 6 | 17 | FSUTX | 0.61 | 0.618 | 0.615 | 0.620 | 0.611 | 0.607 | 0.603 | 0.615 | 13 | 18 | GEGTX | 0.60 | 0.608 | 0.605 | 0.607 | 0.601 | 0.598 | 0.595 | 0.607 | 16 | 19 | HRCPX | 0.51 | 0.516 | 0.518 | 0.512 | 0.506 | 0.498 | 0.491 | 0.496 | 27 | 20 | IDETX | 0.50 | 0.503 | 0.505 | 0.500 | 0.494 | 0.486 | 0.480 | 0.485 | 31 | 21 | IDEUX | 0.52 | 0.525 | 0.527 | 0.521 | 0.517 | 0.515 | 0.513 | 0.525 | 26 | 22 | IGLBX | 0.50 | 0.513 | 0.515 | 0.510 | 0.506 | 0.504 | 0.503 | 0.514 | 28 | 23 | IGLCX | 0.47 | 0.477 | 0.478 | 0.474 | 0.468 | 0.459 | 0.452 | 0.456 | 34 | 24 | JAMRX | 0.39 | 0.398 | 0.399 | 0.395 | 0.390 | 0.388 | 0.386 | 0.393 | 39 | 25 | JAOSX | 0.55 | 0.561 | 0.562 | 0.557 | 0.552 | 0.550 | 0.548 | 0.560 | 19 | 26 | JAVLX | 0.53 | 0.540 | 0.542 | 0.536 | 0.530 | 0.523 | 0.517 | 0.524 | 24 | 27 | JAWWX | 0.65 | 0.666 | 0.668 | 0.661 | 0.654 | 0.650 | 0.647 | 0.661 | 7 | 28 | LMVTX | 0.61 | 0.611 | 0.604 | 0.610 | 0.605 | 0.602 | 0.599 | 0.611 | 15 | 29 | MAFGX | 0.62 | 0.627 | 0.628 | 0.622 | 0.618 | 0.616 | 0.614 | 0.628 | 10 | 30 | MBFGX | 0.65 | 0.657 | 0.659 | 0.653 | 0.646 | 0.643 | 0.640 | 0.654 | 8 | 31 | MCFGX | 0.31 | 0.312 | 0.314 | 0.310 | 0.306 | 0.301 | 0.299 | 0.282 | 52 | 32 | MCOBX | 0.69 | 0.705 | 0.707 | 0.700 | 0.693 | 0.688 | 0.685 | 0.699 | 4 | 33 | MCOFX | 0.68 | 0.696 | 0.698 | 0.691 | 0.685 | 0.682 | 0.680 | 0.695 | 5 | 34 | MDFGX | 0.72 | 0.730 | 0.732 | 0.725 | 0.717 | 0.713 | 0.710 | 0.725 | 3 | 35 | MGCAX | 0. 38 | 0.387 | 0.387 | 0.386 | 0.383 | 0.382 | 0.381 | 0.389 | 40 | 36 | MSEQX | 0.40 | 0.407 | 0.409 | 0.405 | 0.402 | 0.400 | 0.399 | 0.408 | 36 | 37 | NAWCX | 0.36 | 0.367 | 0.312 | 0.366 | 0.360 | 0.350 | 0.340 | 0.340 | 45 | 38 | NAWGX | 0.38 | 0.385 | 0.337 | 0.384 | 0.378 | 0.369 | 0.361 | 0.362 | 41 | 39 | POVBX | 0.13 | 0.134 | 0.134 | 0.133 | 0.131 | 0.128 | 0.126 | 0.127 | 57 | 40 | POVSX | 0.51 | 0.513 | 0.511 | 0.512 | 0.506 | 0.501 | 0.497 | 0.504 | 30 | 41 | RYOSX | 0.48 | 0.490 | 0.492 | 0.486 | 0.480 | 0.470 | 0.462 | 0.465 | 32 | 42 | SCGEX | 0.61 | 0.613 | 0.593 | 0.612 | 0.606 | 0.600 | 0.596 | 0.606 | 14 | 43 | SRGFX | 0.40 | 0.408 | 0.410 | 0.405 | 0.401 | 0.395 | 0.391 | 0.396 | 38 | 44 | SSGWX | 0.54 | 0.551 | 0.552 | 0.547 | 0.541 | 0.536 | 0.532 | 0.542 | 23 | 45 | TALGX | 0.30 | 0.306 | 0.266 | 0.305 | 0.301 | 0.293 | 0.286 | 0.287 | 53 | 46 | TRGEX | 0.47 | 0.476 | 0.476 | 0.475 | 0.472 | 0.470 | 0.469 | 0.479 | 33 | 47 | TWIEX | 0.52 | 0.524 | 0.523 | 0.523 | 0.519 | 0.517 | 0.515 | 0.526 | 25 | 48 | UMBIX | 1.00 | 1.000 | 1.020 | 1.012 | 1.005 | 1.002 | 1.021 | 0.988 | 1 | 49 | USBOX | 0.61 | 0.620 | 0.622 | 0.616 | 0.609 | 0.603 | 0.598 | 0.608 | 12 | 50 | VGHCX | 0.34 | 0.342 | 0.339 | 0.342 | 0.336 | 0.327 | 0.3191 | 0.319 | 47 | 51 | VPMCX | 0.51 | 0.513 | 0.473 | 0.512 | 0.505 | 0.497 | 0.490 | 0.495 | 29 | 52 | WAGEX | 0.63 | 0.633 | 0.627 | 0.631 | 0.624 | 0.618 | 0.613 | 0.623 | 10 | 53 | WBIGX | 0.27 | 0.174 | 0.174 | 0.172 | 0.172 | 0.187 | 0.201 | 0.220 | 56 | 54 | FMAGX | 0.80 | 0.810 | 0.790 | 0.808 | 0.801 | 0.795 | 0.790 | 0.804 | 2 | 55 | JANSX | 0.57 | 0.580 | 0.583 | 0.576 | 0.569 | 0.558 | 0.548 | 0.552 | 18 | 56 | VFINX | 0.41 | 0.418 | 0.408 | 0.417 | 0.413 | 0.410 | 0.408 | 0.415 | 36 | 57 | VWNDX | 0.59 | 0.602 | 0.583 | 0.597 | 0.592 | 0.590 | 0.588 | 0.601 | 17 |
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