Research Article
Inference for the Sharpe Ratio Using a Likelihood-Based Approach
Table 1
Monthly return prices.
| Month | Fund | Market | Cash |
| 1 | 1.155809268 | 1.021191715 | 1.071489631 | 2 | 1.165211551 | 1.022641807 | 1.07422193 | 3 | 1.183344526 | 1.060673856 | 1.077202896 | 4 | 1.184016118 | 1.05100051 | 1.080281901 | 5 | 1.186030893 | 1.059513614 | 1.083405716 | 6 | 1.163196776 | 1.041851522 | 1.08684553 | 7 | 1.190732035 | 1.081254347 | 1.090341549 | 8 | 1.19677636 | 1.081621973 | 1.093957849 | 9 | 1.216252518 | 1.110263323 | 1.097941679 | 10 | 1.222296843 | 1.113272137 | 1.102068109 | 11 | 1.224311618 | 1.127132375 | 1.106210049 | 12 | 1.234385376 | 1.141573195 | 1.110450484 |
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