Answer:Alpha is a risk-adjusted performance measure developed by .
Positive alpha suggests that the investment hasIn the context of the Capital Asset Pricing Model (CAPM), alpha represents the abnormal return earned by an investment above what would be expected based on its beta (systematic risk) and the overall market return. It indicates whether an investment has outperformed or underperformed its expected returns based on its exposure to systematic risk outperformed its expected returns, while negative alpha indicates underperformance.