这道题做对了，但是很疑惑看到之前的回答

NO.PZ202207040100000404问题如下The funin Exhibit 3 this most consistent with Quint’s requirements is:A.Ash.B.Blue.C.March.SolutionC is correct. The MarFunis the funthis most consistent with Quint’s requirements for the best risk-efficient livery of results. It livers the lowest active risk (3.2%) using ffewer securities (140), incating efficient approach. The higher Active Share (0.75) for the simillevel of fees also supports this cision.A is incorrect. Ash hthe highest active risk, whiincates active return contributions of a greater spersion ththe benchmark anthe competing fun. More securities anlower Active Share are not supportive of this funchoice.B is incorrect. Blue hthe highest number of securities ana relatively low Active Share. Although the overall portfolio volatility is the lowest of the three (procing a higher Sharpe ratio), the more relevant risk is thattributable to active management. Greater active risk spite more securities is not the most efficient metho老师，这题就是选active share/active risk比值最高的，对吗？和股票数量有什么关系呢，多谢

NO.PZ202207040100000404 问题如下 The funin Exhibit 3 this most consistent with Quint’s requirements is: A.Ash. B.Blue. C.March. SolutionC is correct. The MarFunis the funthis most consistent with Quint’s requirements for the best risk-efficient livery of results. It livers the lowest active risk (3.2%) using ffewer securities (140), incating efficient approach. The higher Active Share (0.75) for the simillevel of fees also supports this cision.A is incorrect. Ash hthe highest active risk, whiincates active return contributions of a greater spersion ththe benchmark anthe competing fun. More securities anlower Active Share are not supportive of this funchoice.B is incorrect. Blue hthe highest number of securities ana relatively low Active Share. Although the overall portfolio volatility is the lowest of the three (procing a higher Sharpe ratio), the more relevant risk is thattributable to active management. Greater active risk spite more securities is not the most efficient metho 请问关于risk-efficient livery，不需要参考Annualizeporfolio volatility数值吗？本题March的最大

NO.PZ202207040100000404问题如下 The funin Exhibit 3 this most consistent with Quint’s requirements is:A.Ash.B.Blue.C.March.SolutionC is correct. The MarFunis the funthis most consistent with Quint’s requirements for the best risk-efficient livery of results. It livers the lowest active risk (3.2%) using ffewer securities (140), incating efficient approach. The higher Active Share (0.75) for the simillevel of fees also supports this cision.A is incorrect. Ash hthe highest active risk, whiincates active return contributions of a greater spersion ththe benchmark anthe competing fun. More securities anlower Active Share are not supportive of this funchoice.B is incorrect. Blue hthe highest number of securities ana relatively low Active Share. Although the overall portfolio volatility is the lowest of the three (procing a higher Sharpe ratio), the more relevant risk is thattributable to active management. Greater active risk spite more securities is not the most efficient metho麻烦老师能展开讲下这考点吗？主要看active share不是active risk?我感觉A也挺好的，除了个股个数多点😂谢谢！

NO.PZ202207040100000404 问题如下 The funin Exhibit 3 this most consistent with Quint’s requirements is: A.Ash. B.Blue. C.March. SolutionC is correct. The MarFunis the funthis most consistent with Quint’s requirements for the best risk-efficient livery of results. It livers the lowest active risk (3.2%) using ffewer securities (140), incating efficient approach. The higher Active Share (0.75) for the simillevel of fees also supports this cision.A is incorrect. Ash hthe highest active risk, whiincates active return contributions of a greater spersion ththe benchmark anthe competing fun. More securities anlower Active Share are not supportive of this funchoice.B is incorrect. Blue hthe highest number of securities ana relatively low Active Share. Although the overall portfolio volatility is the lowest of the three (procing a higher Sharpe ratio), the more relevant risk is thattributable to active management. Greater active risk spite more securities is not the most efficient metho 请问老师，covarianwith amity fun的高低对本题有什么影响