DocMorris Jensen Alpha
| DOCM Stock | | | 4.02 -0.07 -1.71% |
The Jensen Alpha reading for DocMorris AG is computed from historical trading observations. Extended technical indicator views are accessible through
Equity Screeners. DocMorris has a market cap of 195.37 M, operating margin of -7.69%. Use
Investing Opportunities to explore allocation context. Tracking DocMorris AG in a portfolio helps measure its contribution to overall performance. Portfolio views show how individual holdings contribute to aggregate returns. Broader economic conditions can influence DocMorris AG's company valuation — related indicators include
signals in inflation.
DocMorris AG has current Jensen Alpha of
-0.49. 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]) |
| = | -0.49 | |
| ER[a] | = | Expected return on investing in DocMorris |
| ER[b] | = | Expected return on market index or selected benchmark |
| BETA | = | Beta coefficient between DocMorris and the market |
| RFR | = | Risk Free Rate of return. Typically T-Bill Rate |
Jensen Alpha Peers Comparison
Jensen Alpha Relative To Other Indicators
DocMorris AG is rated
below average for jensen alpha across the peer group. It is currently under evaluation for maximum drawdown across the peer group .
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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