| DFND Etf | | | USD 41.95 0.45 1.08% |
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Siren DIVCON Dividend has current Jensen Alpha of 0.0077. 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]) |
| = | 0.0077 | |
| ER[a] | = | Expected return on investing in Siren DIVCON |
| ER[b] | = | Expected return on market index or selected benchmark |
| BETA | = | Beta coefficient between Siren DIVCON and the market |
| RFR | = | Risk Free Rate of return. Typically T-Bill Rate |
Siren DIVCON Jensen Alpha Peers Comparison
Siren Jensen Alpha Relative To Other Indicators
Siren DIVCON Dividend is rated
# 2 ETF in jensen alpha as compared to similar ETFs. It is currently under evaluation in semi variance as compared to similar ETFs fabricating about
905.75 of Semi Variance per Jensen Alpha. The ratio of Semi Variance to Jensen Alpha for Siren DIVCON Dividend is roughly
905.75 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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