Omega Performance Analysıs of Stok Umbrella Funds

Abstract

The aim of this study is to examine the performance of the stock umbrella funds with the Omega performance measurement. Omega performance measurement ranks the performance of investors based on a certain risk limit or the expected return rate, called threshold value. In the study, expected return rate values from 1% to 10% were determined as the threshold value. Between the years 2016-2020 Turkey Electronic Funds Distribution Platform (TEFAS) also traded 48 stock umbrella funds’ return data are used. As a result of the analysis, ranks from 1 to 10 were made in different threshold values. When the expected return rate was increased, it was determined that there was a change in the stock fund ranking.