| JEM0 Stock | | | EUR 35.60 0.40 1.14% |
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JERONIMO MARTINS UNADR2 has current Jensen Alpha of 0.1419. 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]) |
| = | 0.1419 | |
| ER[a] | = | Expected return on investing in JERONIMO MARTINS |
| ER[b] | = | Expected return on market index or selected benchmark |
| BETA | = | Beta coefficient between JERONIMO MARTINS and the market |
| RFR | = | Risk Free Rate of return. Typically T-Bill Rate |
JERONIMO MARTINS Jensen Alpha Peers Comparison
JERONIMO Jensen Alpha Relative To Other Indicators
JERONIMO MARTINS UNADR2 is rated
fifth overall in jensen alpha category among its peers. It is rated
below average in maximum drawdown category among its peers reporting about
66.64 of Maximum Drawdown per Jensen Alpha. The ratio of Maximum Drawdown to Jensen Alpha for JERONIMO MARTINS UNADR2 is roughly
66.64 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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