Evolve Global Jensen Alpha
| BASE Etf | | | CAD 30.00 -0.11 -0.37% |
This technical indicator view for Jensen Alpha organizes signals for Evolve Global Materials and comparable instruments. Data availability can vary by region and feed;
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Evolve Global Materials has current Jensen Alpha of 0.3479. 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]) |
| = | 0.3479 | |
| ER[a] | = | Expected return on investing in Evolve Global |
| ER[b] | = | Expected return on market index or selected benchmark |
| BETA | = | Beta coefficient between Evolve Global and the market |
| RFR | = | Risk Free Rate of return. Typically T-Bill Rate |
Evolve Global Jensen Alpha Peers Comparison
Evolve Jensen Alpha Relative To Other Indicators
Evolve Global Materials ranks as the leading etf in jensen alpha as compared to similar ETFs. It is currently under evaluation. in maximum drawdown as compared to similar ETFs reporting about
24.03 of Maximum Drawdown per Jensen Alpha. The ratio of Maximum Drawdown to Jensen Alpha for Evolve Global Materials is roughly
24.03 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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