Which one of the following is not true in relation to Sharpe Ratio ?

(A) Sharpe ratio is a risk-adjusted measure of return that is often used to evaluate the performance of a portfolio

(B) The ratio helps to make the performance of one portfolio comparable to that of another portfolio by making an adjustment for risk

(C) The idea of the ratio is to see how much additional returns are receiving for the additional volatility of holding the risky asset over a risk-free asset

(D) Lower the Sharpe ratio, better is the situation