Research Article
Selecting the Best of Portfolio Using OWA Operator Weights in Cross Efficiency-Evaluation
Table 6
Cross efficiency by OWA operator weights for
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| DMU | Mutual funds | VRS efficiency | | | | | Ranking 
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| 1 | ACEFX | 0.32 | 0.295 | 0.288 | 0.282 | 0.282 | 48 | 2 | ACEGX | 0.33 | 0.302 | 0.296 | 0.289 | 0.287 | 46 | 3 | ACEMX | 0.32 | 0.295 | 0.288 | 0.282 | 0.281 | 49 | 4 | AELAX | 0.37 | 0.316 | 0.305 | 0.293 | 0.291 | 45 | 5 | AELGX | 0.38 | 0.334 | 0.323 | 0.312 | 0.310 | 43 | 6 | AGTHX | 0.56 | 0.551 | 0.548 | 0.545 | 0.545 | 17 | 7 | ARCGX | 0.46 | 0.450 | 0.446 | 0.443 | 0.443 | 32 | 8 | AVLFX | 0.55 | 0.530 | 0.524 | 0.518 | 0.515 | 20 | 9 | BJBIX | 0.31 | 0.288 | 0.283 | 0.278 | 0.276 | 49 | 10 | CUCAX | 0.56 | 0.547 | 0.543 | 0.540 | 0.539 | 18 | 11 | FAGIX | 0.66 | 0.213 | 0.115 | 0.011 | 0 | 57 | 12 | FAIAX | 0.24 | 0.222 | 0.217 | 0.211 | 0.210 | 55 | 13 | FAICX | 0.25 | 0.225 | 0.220 | 0.215 | 0.214 | 54 | 14 | FDEGX | 0.35 | 0.323 | 0.318 | 0.312 | 0.311 | 42 | 15 | FEURX | 0.38 | 0.365 | 0.362 | 0.359 | 0.358 | 40 | 16 | FIUIX | 0.69 | 0.625 | 0.610 | 0.595 | 0.591 | 9 | 17 | FSUTX | 0.61 | 0.595 | 0.590 | 0.586 | 0.584 | 11 | 18 | GEGTX | 0.60 | 0.588 | 0.585 | 0.581 | 0.578 | 13 | 19 | HRCPX | 0.51 | 0.477 | 0.469 | 0.461 | 0.460 | 28 | 20 | IDETX | 0.50 | 0.466 | 0.459 | 0.451 | 0.450 | 31 | 21 | IDEUX | 0.52 | 0.509 | 0.507 | 0.505 | 0.504 | 23 | 22 | IGLBX | 0.50 | 0.499 | 0.497 | 0.494 | 0.494 | 25 | 23 | IGLCX | 0.47 | 0.437 | 0.430 | 0.421 | 0.420 | 34 | 24 | JAMRX | 0.39 | 0.381 | 0.378 | 0.376 | 0.375 | 35 | 25 | JAOSX | 0.55 | 0.544 | 0.542 | 0.539 | 0.539 | 19 | 26 | JAVLX | 0.53 | 0.505 | 0.498 | 0.492 | 0.490 | 26 | 27 | JAWWX | 0.65 | 0.640 | 0.637 | 0.633 | 0.633 | 6 | 28 | LMVTX | 0.61 | 0.592 | 0.589 | 0.585 | 0.583 | 12 | 29 | MAFGX | 0.62 | 0.609 | 0.607 | 0.604 | 0.603 | 8 | 30 | MBFGX | 0.65 | 0.634 | 0.631 | 0.627 | 0.627 | 7 | 31 | MCFGX | 0.31 | 0.287 | 0.282 | 0.277 | 0.276 | 51 | 32 | MCOBX | 0.69 | 0.677 | 0.673 | 0.669 | 0.669 | 4 | 33 | MCOFX | 0.68 | 0.675 | 0.672 | 0.669 | 0.668 | 5 | 34 | MDFGX | 0.72 | 0.702 | 0.698 | 0.695 | 0.694 | 3 | 35 | MGCAX | 0. 38 | 0.378 | 0.376 | 0.374 | 0.373 | 38 | 36 | MSEQX | 0.40 | 0.396 | 0.395 | 0.393 | 0.392 | 36 | 37 | NAWCX | 0.36 | 0.322 | 0.313 | 0.303 | 0.300 | 44 | 38 | NAWGX | 0.38 | 0.345 | 0.336 | 0.327 | 0.325 | 41 | 39 | POVBX | 0.13 | 0.122 | 0.119 | 0.117 | 0.116 | 56 | 40 | POVSX | 0.51 | 0.486 | 0.481 | 0.475 | 0.473 | 27 | 41 | RYOSX | 0.48 | 0.444 | 0.435 | 0.425 | 0.422 | 33 | 42 | SCGEX | 0.61 | 0.586 | 0.580 | 0.574 | 0.572 | 16 | 43 | SRGFX | 0.40 | 0.382 | 0.377 | 0.372 | 0.371 | 39 | 44 | SSGWX | 0.54 | 0.524 | 0.519 | 0.515 | 0.515 | 21 | 45 | TALGX | 0.30 | 0.273 | 0.266 | 0.258 | 0.257 | 53 | 46 | TRGEX | 0.47 | 0.465 | 0.463 | 0.460 | 0.459 | 29 | 47 | TWIEX | 0.52 | 0.511 | 0.508 | 0.505 | 0.504 | 22 | 48 | UMBIX | 1.00 | 0.992 | 0.988 | 0.983 | 0.981 | 1 | 49 | USBOX | 0.61 | 0.587 | 0.581 | 0.576 | 0.575 | 15 | 50 | VGHCX | 0.34 | 0.303 | 0.295 | 0.286 | 0.284 | 47 | 51 | VPMCX | 0.51 | 0.475 | 0.467 | 0.459 | 0.457 | 30 | 52 | WAGEX | 0.63 | 0.601 | 0.594 | 0.588 | 0.585 | 10 | 53 | WBIGX | 0.27 | 0.228 | 0.242 | 0.259 | 0.264 | 52 | 54 | FMAGX | 0.80 | 0.778 | 0.772 | 0.765 | 0.761 | 2 | 55 | JANSX | 0.57 | 0.527 | 0.517 | 0.505 | 0.503 | 24 | 56 | VFINX | 0.41 | 0.402 | 0.398 | 0.395 | 0.394 | 35 | 57 | VWNDX | 0.59 | 0.583 | 0.580 | 0.578 | 0.577 | 14 |
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