Clifton Mining Jensen Alpha

CFTN Stock  USD 0.05  0.01  25.00%   
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Clifton Mining Co has current Jensen Alpha of 0.2654. 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])

 = 
0.2654
ER[a] = Expected return on investing in Clifton Mining
ER[b] = Expected return on market index or selected benchmark
BETA = Beta coefficient between Clifton Mining and the market
RFR = Risk Free Rate of return. Typically T-Bill Rate

Clifton Mining Jensen Alpha Peers Comparison

Clifton Jensen Alpha Relative To Other Indicators

Clifton Mining Co is rated below average in jensen alpha category among its peers. It is currently under evaluation in maximum drawdown category among its peers reporting about  169.56  of Maximum Drawdown per Jensen Alpha. The ratio of Maximum Drawdown to Jensen Alpha for Clifton Mining Co is roughly  169.56 
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 Clifton Mining to Peers

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