ZW Data Jensen Alpha
| CNET Stock | | | USD 0.75 -0.05 -6.25% |
ZW Data jensen alpha lookup summarizes this and related technical indicators for ZW Data Action. Coverage depends on data availability and normalization;
Equity Screeners provides additional screening context. ZW Data has a market cap of 2.45 M, operating margin of -8.91%, ROE of -49.51%. Use
Trending Equities to explore allocation context. This includes a position in ZW Data Action in the portfolio view. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as
signals in discontinued.
ZW Data Action has current Jensen Alpha of
-0.77. 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]) |
| = | -0.77 | |
| ER[a] | = | Expected return on investing in ZW Data |
| ER[b] | = | Expected return on market index or selected benchmark |
| BETA | = | Beta coefficient between ZW Data and the market |
| RFR | = | Risk Free Rate of return. Typically T-Bill Rate |
ZW Data Jensen Alpha Peers Comparison
CNET Jensen Alpha Relative To Other Indicators
ZW Data Action is rated
below average in jensen alpha relative to competitors. It is currently under evaluation in maximum drawdown relative to competitors .
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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