Network Media Jensen Alpha
| NETWF Stock | | | USD 0.05 -0.01 -15.11% |
This module presents the Jensen Alpha indicator for Network Media Group using available market inputs. The underlying data comes from exchange-reported trading records. Coverage differences may occur across instruments and market segments. This dataset is part of a broader indicator framework including
Equity Screeners. Network Media has a market cap of 5.16 M, operating margin of -0.19%, ROE of -4.52%. See
Correlation Analysis for additional portfolio context. The allocation summary reflects available position data. Portfolio metrics are derived from available position data. This reflects a position in Network Media Group. This is situated within the portfolio mix. Also, note that the market value of any otc stock could be closely tied with the direction of predictive economic indicators such as
signals in manufacturing.
Network Media Group has current Jensen Alpha of
-0.38. 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]) |
| = | -0.38 | |
| ER[a] | = | Expected return on investing in Network Media |
| ER[b] | = | Expected return on market index or selected benchmark |
| BETA | = | Beta coefficient between Network Media and the market |
| RFR | = | Risk Free Rate of return. Typically T-Bill Rate |
Jensen Alpha Peers Comparison
Jensen Alpha Relative To Other Indicators
Network Media Group is rated
below average in jensen alpha across its competitive set. It is currently under evaluation in maximum drawdown across its competitive set .
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.
Compare Network Media to Peers
Other Technical Indicators