Gestamp Automocion Jensen Alpha

GEST Stock  EUR 2.66  0.13  4.66%   
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Gestamp Automocion SA has current Jensen Alpha of 0.0723. 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])

 = 
0.0723
ER[a] = Expected return on investing in Gestamp Automocion
ER[b] = Expected return on market index or selected benchmark
BETA = Beta coefficient between Gestamp Automocion and the market
RFR = Risk Free Rate of return. Typically T-Bill Rate

Gestamp Automocion Jensen Alpha Peers Comparison

Gestamp Jensen Alpha Relative To Other Indicators

Gestamp Automocion SA is rated # 2 in jensen alpha category among its peers. It is currently under evaluation in maximum drawdown category among its peers reporting about  109.99  of Maximum Drawdown per Jensen Alpha. The ratio of Maximum Drawdown to Jensen Alpha for Gestamp Automocion SA is roughly  109.99 
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 Gestamp Automocion to Peers

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