| HALI34 Stock | | | BRL 157.76 38.87 19.77% |
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HALI34 has current Jensen Alpha of 0.0728. 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]) |
| = | 0.0728 | |
| ER[a] | = | Expected return on investing in HALI34 |
| ER[b] | = | Expected return on market index or selected benchmark |
| BETA | = | Beta coefficient between HALI34 and the market |
| RFR | = | Risk Free Rate of return. Typically T-Bill Rate |
HALI34 Jensen Alpha Peers Comparison
HALI34 Jensen Alpha Relative To Other Indicators
HALI34 is rated
# 4 in jensen alpha category among its peers. It is currently under evaluation in sortino ratio category among its peers fabricating about
0.06 of Sortino Ratio per Jensen Alpha. The ratio of Jensen Alpha to Sortino Ratio for HALI34 is roughly
16.55 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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