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@article{190904,
        author = {Pranav Krishna and Ashna Shaly and Fidha Sageer C S and Thanima R Nair and Mekha B and Dr. R. Suma},
        title = {Portfolio Evaluation Using Risk-Adjusted Returns and Decomposition of Performance},
        journal = {International Journal of Innovative Research in Technology},
        year = {2026},
        volume = {12},
        number = {8},
        pages = {4308-4311},
        issn = {2349-6002},
        url = {https://ijirt.org/article?manuscript=190904},
        abstract = {Evaluating portfolio performance is an important task in investment management, as it helps investors understand whether the returns earned are reasonable in relation to the risk taken. Merely looking at total returns can be misleading because higher returns may be accompanied by higher uncertainty. This paper presents a conceptual discussion on portfolio evaluation using risk-adjusted return measures and performance decomposition techniques. The study considers a diversified large-cap equity portfolio benchmarked against the NIFTY 50, which is commonly used as a representation of the Indian equity market. The paper explains the meaning and interpretation of key risk-adjusted measures such as the Sharpe Ratio, Treynor Ratio, and Jensen’s Alpha. It also discusses how performance decomposition helps separate market-driven returns from those arising due to portfolio management decisions. The study shows that combining risk-adjusted measures with decomposition analysis provides a clearer and more balanced view of portfolio performance.},
        keywords = {Portfolio Evaluation; Risk-Adjusted Returns; Performance Decomposition; Large-Cap Equity Portfolio; NIFTY 50},
        month = {January},
        }