SSGA SPDR Jensen Alpha
This technical indicator view for Jensen Alpha organizes signals for SSGA SPDR AEX and comparable instruments. Coverage varies by data normalization and availability; see
Equity Screeners for broader screening context.
Trending Equities provides context for diversified portfolio construction. Refined allocation visibility enhances overall portfolio context. Also, note that the market value of any etf could be closely tied with the direction of predictive economic indicators such as
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SSGA SPDR AEX has current Jensen Alpha of 0. Jensen alpha is a measure of the returns that are attributable to the managers' ability to select security and time the market. In other words, it is the returns remaining after deducting what would have been attributable to beta returns (which do not require skill) and the risk-freerate.
Jensen Alpha | = | ER[a] - RFR * (1-BETA) | - | BETA * ER[b]) |
| = | 0 | |
| ER[a] | = | Expected return on investing in SSGA SPDR |
| ER[b] | = | Expected return on market index or selected benchmark |
| BETA | = | Beta coefficient between SSGA SPDR and the market |
| RFR | = | Risk Free Rate of return. Typically T-Bill Rate |
SSGA SPDR Jensen Alpha Peers Comparison
SSGA Jensen Alpha Relative To Other Indicators
SSGA SPDR AEX is rated
below average in jensen alpha across the ETF category. It is rated
below average in maximum drawdown across the ETF category .
Jensen alpha is the difference between the return of the portfolio, and what the portfolio should theoretically have earned. Any portfolio can be expected to earn the risk-free rate (RF), plus the market risk premium (which is given by [Beta x (Market Portfolio Return - Risk-Free Rate)]. Anything remaining over and above is alpha.
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