TY - JOUR T1 - Measuring Alpha Potential in the Market JF - The Journal of Index Investing SP - 40 LP - 47 DO - 10.3905/jii.2011.2.2.040 VL - 2 IS - 2 AU - Paul Bouchey AU - Mary Fjelstad AU - Hemambara Vadlamudi Y1 - 2011/08/31 UR - https://pm-research.com/content/2/2/40.abstract N2 - In this article, the authors formally define a measure of cross-sectional volatility, demonstrate potential uses for a set of indices that track this metric, and establish a strong, positive relationship between cross-sectional volatility and active manager dispersion.TOPICS: Passive strategies, volatility measures, manager selection, VAR and use of alternative risk measures of trading risk ER -