Paramount Global Jensen Alpha

C1BS34 Stock  BRL 66.99  0.70  1.06%   
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Paramount Global has current Jensen Alpha of 0.2089. 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])

 = 
0.2089
ER[a] = Expected return on investing in Paramount Global
ER[b] = Expected return on market index or selected benchmark
BETA = Beta coefficient between Paramount Global and the market
RFR = Risk Free Rate of return. Typically T-Bill Rate

Paramount Global Jensen Alpha Peers Comparison

Paramount Jensen Alpha Relative To Other Indicators

Paramount Global is rated fourth in jensen alpha category among its peers. It is currently under evaluation in maximum drawdown category among its peers reporting about  57.07  of Maximum Drawdown per Jensen Alpha. The ratio of Maximum Drawdown to Jensen Alpha for Paramount Global is roughly  57.07 
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 Paramount Global to Peers

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