| 5016 Stock | | | TWD 28.20 0.05 0.18% |
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Song Ho Industrial has current Jensen Alpha of 0.0314. 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]) |
| = | 0.0314 | |
| ER[a] | = | Expected return on investing in Song Ho |
| ER[b] | = | Expected return on market index or selected benchmark |
| BETA | = | Beta coefficient between Song Ho and the market |
| RFR | = | Risk Free Rate of return. Typically T-Bill Rate |
Song Ho Jensen Alpha Peers Comparison
Song Jensen Alpha Relative To Other Indicators
Song Ho Industrial is rated
below average in jensen alpha category among its peers. It is currently under evaluation in treynor ratio category among its peers fabricating about
37.32 of Treynor Ratio per Jensen Alpha. The ratio of Treynor Ratio to Jensen Alpha for Song Ho Industrial is roughly
37.32 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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