Absolute and relative dating
From top to bottom: Rounded tan domes of the Navajo Sandstone, layered red Kayenta Formation, cliff-forming, vertically jointed, red Wingate Sandstone, slope-forming, purplish Chinle Formation, layered, lighter-red Moenkopi Formation, and white, layered Cutler Formation sandstone.Photo from Glen Canyon National Recreation Area, Utah.Most of these managers will not rely on long-lasting market trends.Rather they’ll look to trade the short-term price swings, both from the long as well as the short side.An absolute return fund is positioned to earn positive returns by employing techniques that are different from a traditional mutual fund.Absolute return fund managers use short selling, futures, options, derivatives, arbitrage, leverage, and unconventional assets.Though relative dating can only determine the sequential order in which a series of events occurred, not when they occurred, it remains a useful technique.
As he continued his job as a surveyor, he found the same patterns across England.
Relative return is important because it is a way to measure the performance of actively managed funds, which should earn a return greater than the market.
Specifically, the relative return is a way to gauge a fund manager's performance.
Relative return is the reason why a 2 percent return is bad in a bull market and good in a bear market.
What matters in this context is not the amount of the return itself, but rather what the return is relative to a benchmark or the broader market.