PT - JOURNAL ARTICLE AU - Paul Bouchey AU - Mary Fjelstad AU - Hemambara Vadlamudi TI - Measuring Alpha Potential in the Market AID - 10.3905/jii.2011.2.2.040 DP - 2011 Aug 31 TA - The Journal of Index Investing PG - 40--47 VI - 2 IP - 2 4099 - https://pm-research.com/content/2/2/40.short 4100 - https://pm-research.com/content/2/2/40.full AB - 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