CONSOL Energy Jensen Alpha

C9X Stock  EUR 103.50  1.65  1.57%   
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CONSOL Energy has current Jensen Alpha of 0.251. 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])

 = 
0.251
ER[a] = Expected return on investing in CONSOL Energy
ER[b] = Expected return on market index or selected benchmark
BETA = Beta coefficient between CONSOL Energy and the market
RFR = Risk Free Rate of return. Typically T-Bill Rate

CONSOL Energy Jensen Alpha Peers Comparison

CONSOL Jensen Alpha Relative To Other Indicators

CONSOL Energy is rated third in jensen alpha category among its peers. It is rated fifth in maximum drawdown category among its peers reporting about  64.16  of Maximum Drawdown per Jensen Alpha. The ratio of Maximum Drawdown to Jensen Alpha for CONSOL Energy is roughly  64.16 
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 CONSOL Energy to Peers

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