Procimmo Real Jensen Alpha vs. Maximum Drawdown
| PSCF Fund | | | CHF 155.20 -2.80 -1.77% |
Technical inputs supporting the this indicator indicator for Procimmo Real Estate are shown here. Coverage differences may occur across instruments and market segments. Review
Your Equity Center for context on portfolio diversification. All values are based on available data and provided as reference information. Procimmo Real Estate can be tracked within a custom portfolio for ongoing monitoring. Watchlist features allow monitoring without committing to a position. Broader economic conditions can influence Procimmo Real Estate's fund valuation — related indicators include
signals in inflation.
Procimmo Real Estate has current Jensen Alpha of
-0.13. 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]) |
| = | -0.13 | |
| ER[a] | = | Expected return on investing in Procimmo Real |
| ER[b] | = | Expected return on market index or selected benchmark |
| BETA | = | Beta coefficient between Procimmo Real and the market |
| RFR | = | Risk Free Rate of return. Typically T-Bill Rate |
Jensen Alpha Peers Comparison
Jensen Alpha Relative To Other Indicators
Procimmo Real Estate is rated
below average for jensen alpha against comparable funds. It is rated
below average for maximum drawdown against comparable funds .
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 Procimmo Real to Peers
Other Technical Indicators