HMTNew Technical Jensen Alpha vs. Sortino Ratio

603306 Stock   31.61  0.61  1.89%   
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HMTNew Technical has current Jensen Alpha of 1.1. 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])

 = 
1.1
ER[a] = Expected return on investing in HMTNew Technical
ER[b] = Expected return on market index or selected benchmark
BETA = Beta coefficient between HMTNew Technical and the market
RFR = Risk Free Rate of return. Typically T-Bill Rate

HMTNew Technical Jensen Alpha Peers Comparison

HMTNew Jensen Alpha Relative To Other Indicators

HMTNew Technical is number one stock in jensen alpha category among its peers. It is currently under evaluation in sortino ratio category among its peers fabricating about  0.21  of Sortino Ratio per Jensen Alpha. The ratio of Jensen Alpha to Sortino Ratio for HMTNew Technical is roughly  4.84 
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 HMTNew Technical to Peers

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