Silver Spike Jensen Alpha
The Jensen Alpha indicator for Silver Spike is constructed from normalized market data. Related indicator context is organized within
Equity Screeners.
Silver Spike has a market cap of 367.28 M, current ratio of 0.38. Review
World Market Map for broader portfolio context. Broader economic conditions can influence Silver Spike Acquisition's company valuation — related indicators include
signals in industry.
Silver Spike Acquisition has current Jensen Alpha of 0. 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 | |
| ER[a] | = | Expected return on investing in Silver Spike |
| ER[b] | = | Expected return on market index or selected benchmark |
| BETA | = | Beta coefficient between Silver Spike and the market |
| RFR | = | Risk Free Rate of return. Typically T-Bill Rate |
Jensen Alpha Peers Comparison
Jensen Alpha Relative To Other Indicators
Silver Spike Acquisition is rated
below average in jensen alpha among leading competitors. It is currently under evaluation in maximum drawdown among leading 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.