Exxon Mobil Jensen Alpha

EXXO34 Stock  BRL 83.99  0.28  0.33%   
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Exxon Mobil has current Jensen Alpha of 0.1405. 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])

 = 
0.1405
ER[a] = Expected return on investing in Exxon Mobil
ER[b] = Expected return on market index or selected benchmark
BETA = Beta coefficient between Exxon Mobil and the market
RFR = Risk Free Rate of return. Typically T-Bill Rate

Exxon Mobil Jensen Alpha Peers Comparison

Exxon Jensen Alpha Relative To Other Indicators

Exxon Mobil is rated # 2 in jensen alpha category among its peers. It is currently under evaluation in maximum drawdown category among its peers reporting about  56.34  of Maximum Drawdown per Jensen Alpha. The ratio of Maximum Drawdown to Jensen Alpha for Exxon Mobil is roughly  56.34 
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 Exxon Mobil to Peers

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