Study relation between selected ratios & measures in Investment Companies at Tehran Stock Exchange



the aim of this paper is evaluating performance of investment companies that have had active portfolio management during 1383 to 1388 in Tehran stock exchange. In order to assess their performance, we used some selected Risk-Adjusted ratios with considering another measures likes the liquidity, size, turnover and being diversified in their portfolio. After gathering data and statistical analyzing them, we realized the distribution of data is not normal. Therefore, we used nonparametric tests to examining hypotheses. The result of first hypotheses showed that performance of the companies is different by using three ratios and Wilcoxen test showed the companies have had better control on systematic risk and have had less control on their SD return. Furthermore, ANOVA test showed that the returns of the companies have positive and meaningful related to turnover of their portfolio.