Congress Large Jensen Alpha

CMLIX Fund  USD 52.11  0.57  1.11%   
Congress Large jensen-alpha technical analysis lookup allows you to check this and other technical indicators for Congress Large Cap 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 Equity Screeners to view more equity screening tools
  
Congress Large Cap has current Jensen Alpha of 0.0533. 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])

 = 
0.0533
ER[a] = Expected return on investing in Congress Large
ER[b] = Expected return on market index or selected benchmark
BETA = Beta coefficient between Congress Large and the market
RFR = Risk Free Rate of return. Typically T-Bill Rate

Congress Large Jensen Alpha Peers Comparison

Congress Jensen Alpha Relative To Other Indicators

Congress Large Cap is third largest fund in jensen alpha among similar funds. It is fifth largest fund in maximum drawdown among similar funds reporting about  89.71  of Maximum Drawdown per Jensen Alpha. The ratio of Maximum Drawdown to Jensen Alpha for Congress Large Cap is roughly  89.71 
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 Congress Large to Peers

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