Selecting the Best of Portfolio Using OWA Operator Weights in Cross Efficiency-Evaluation

Table 5

Cross efficiency by optimism level of the investor for 𝛼≥0.5.

DMU	Mutual funds	VRS efficiency	𝛼=1	𝛼=0.9613	𝛼=0.9	𝛼=0.8	𝛼=0.7	𝛼=0.6	𝛼=0.5	Ranking; 𝛼=0.8
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