| 0MJK Stock | | | 51.81 0.48 0.94% |
Erste Group jensen-alpha technical analysis lookup allows you to check this and other technical indicators for Erste Group Bank or any other equities. You can select from a set of available technical indicators by clicking on the link to the right. Please note, not all equities are covered by this module due to inconsistencies in global equity categorizations and data normalization technicques. Please check also
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Erste Group Bank has current Jensen Alpha of 0.0362. 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]) |
| = | 0.0362 | |
| ER[a] | = | Expected return on investing in Erste Group |
| ER[b] | = | Expected return on market index or selected benchmark |
| BETA | = | Beta coefficient between Erste Group and the market |
| RFR | = | Risk Free Rate of return. Typically T-Bill Rate |
Erste Group Jensen Alpha Peers Comparison
Erste Jensen Alpha Relative To Other Indicators
Erste Group Bank is rated
fifth in jensen alpha category among its peers. It is rated
below average in maximum drawdown category among its peers reporting about
158.57 of Maximum Drawdown per Jensen Alpha. The ratio of Maximum Drawdown to Jensen Alpha for Erste Group Bank is roughly
158.57 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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