NetEase Inc Jensen Alpha
| NETTF Stock | | | USD 23.49 0.00 0.00% |
The Jensen Alpha lookup presents technical context for NetEase and related instruments. Data availability can vary by region and feed;
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Correlation Analysis provides context for diversified portfolio design. Broader allocation clarity strengthens diversification analysis. The allocation includes a position in NetEase inside the allocation mix. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as
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NetEase has current Jensen Alpha of
-0.17. 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]) |
| = | -0.17 | |
| ER[a] | = | Expected return on investing in NetEase Inc |
| ER[b] | = | Expected return on market index or selected benchmark |
| BETA | = | Beta coefficient between NetEase Inc and the market |
| RFR | = | Risk Free Rate of return. Typically T-Bill Rate |
NetEase Inc Jensen Alpha Peers Comparison
NetEase Inc Jensen Alpha Relative To Other Indicators
NetEase is rated
below average. in jensen alpha category among its top compatitors. It is currently under evaluation. in maximum drawdown category among its top compatitors .
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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