ORIGINAL RESEARCH ARTICLE | Dec. 3, 2025
Examining the Correlation of Risk-Adjusted Performance Metrics in Indian Value Mutual Funds
Susanta Majumder, Subhamoy Das, Sandip Mallick
Page no 502-508 |
https://doi.org/10.36348/sjbms.2025.v10i11.001
The research highlights the crucial need for a robust framework to assess return efficiency and risk exposure, focusing on an analysis of mutual fund performance. It explores the interrelation among key risk-adjusted performance metrics such as the Sharpe ratio, Treynor ratio, and Jensen's alpha, along with beta and standard deviation, which signify systematic and total risk. 38 Indian value mutual funds were analysed using MoneyControl (Shano, Ganesh, & Mwaura, 2017) secondary data. Regression, correlation, and descriptive statistics were employed. Results indicate risk-adjusted efficiency was moderate to strong, always higher than the average Sharpe, Treynor, and Jensen alpha values. Research demonstrates a strong positive correlation between the Sharpe, Treynor, and Jensen ratios (Lee, Keegan, Piggott, & Swann). Conversely, negative correlations with beta and standard deviation indicate that efficiency diminishes as total and systematic risk increase. Regression analyses indicate that risk variables significantly influence the Sharpe and Treynor indices. Conversely, Jensen's alpha seems to be autonomous, suggesting that it encapsulates the diverse impacts of managerial competence. The results validate the correlation among common risk-performance indicators, refute the null hypothesis of independence, and demonstrate the variability in the influence of market and management factors on these metrics. The report says that SEBI and AMFI should use a framework that has more than one metric to make things clearer. Fund managers should keep getting better at what they do by using methods that are flexible and take risks into account.
REVIEW ARTICLE | Dec. 13, 2025
Strategic Healthcare Planning in Jazan: Aligning Regional Development with Saudi Vision 2030
Essa Ibrahim Zakari, Awaji Qasem Al-Nami, Liaqat Ali Khan
Page no 509-512 |
https://doi.org/10.36348/sjbms.2025.v10i11.002
Saudi Arabia's Vision 2030 is a major transformative push for an economy and public services diversification such as in health. This strategic vision of health care in the Kingdom gives emphasis on sustainability, accessibility, and quality in the healthcare delivery systems. Developmentally, Jazan is a fast pace growing area which faces its own specific challenges and opportunities with respect to the provision of health services. This review intends to study the health care planning in Jazan in relation to Vision 2030 which includes key policy issues, infrastructure developments, technology integration, and human resources improvements. It draws conclusions on public-private partnerships (PPPs) for health, digital health initiatives, and strategic interventions to address health issues in the region. By peer reviewing the literature available, government reports, and case studies, this review is presented as an overview of best practices and recommendations for strengthening such systems in Jazan. In conclusion, critical aspects such as healthcare governance, financial investments, and technological advancement have been drummed up, emphasizing the need for Jazan to achieve the extensive healthcare goals set forth under Vision 2030.
This study explores the influence of Bank Al-Maghrib's interventions on exchange rate behavior in Morocco from 1990 to 2024. With an ARDL model integrating key macroeconomic factors (inflation, interbank rate, liquidity, and foreign reserves), the research goal is to observe the short- and long-run relationships between monetary policy and the dirham's appreciation. Apparently, the results reveal the presence of a long-run correlation of the studied variables, meaning that the exchange rate demonstrates a sustained-in-time response to monetary fundamentals. Notably, the money supply and foreign exchange reserves appear as the most influential determinants, thereby confirming the supremacy of interventions and withdrawal in foreign exchange markets. The analysis also shows there exists a major impact of the interest rate, which exemplifies the role of the financial channel in the Moroccan setting. The findings also establish that there is a quick adjustment of the exchange rate to its long-term equilibrium, and a strong structural stability of the model. Thus, the study enhances the knowledge about Morocco's exchange rate policy and stresses the importance of policy coordination among reserve management, monetary discipline, and specific central bank operations to boost the dirham's stability during the transitional economy times.