| ASCFX Fund | | | USD 27.88 0.13 0.46% |
Allianzgi Small jensen-alpha technical analysis lookup allows you to check this and other technical indicators for Allianzgi Small Cap Fund 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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Allianzgi Small Cap Fund has current Jensen Alpha of 0.1141. 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]) |
| = | 0.1141 | |
| ER[a] | = | Expected return on investing in Allianzgi Small |
| ER[b] | = | Expected return on market index or selected benchmark |
| BETA | = | Beta coefficient between Allianzgi Small and the market |
| RFR | = | Risk Free Rate of return. Typically T-Bill Rate |
Allianzgi Small Jensen Alpha Peers Comparison
Allianzgi Jensen Alpha Relative To Other Indicators
Allianzgi Small Cap Fund is
fifth largest fund in jensen alpha among similar funds. It is currently under evaluation in maximum drawdown among similar funds reporting about
50.01 of Maximum Drawdown per Jensen Alpha. The ratio of Maximum Drawdown to Jensen Alpha for Allianzgi Small Cap Fund is roughly
50.01 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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