| LRDJF Stock | | | USD 0.07 0 1.32% |
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St James Gold has current Jensen Alpha of 0.7932. 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]) |
| = | 0.7932 | |
| ER[a] | = | Expected return on investing in St James |
| ER[b] | = | Expected return on market index or selected benchmark |
| BETA | = | Beta coefficient between St James and the market |
| RFR | = | Risk Free Rate of return. Typically T-Bill Rate |
St James Jensen Alpha Peers Comparison
LRDJF Jensen Alpha Relative To Other Indicators
St James Gold is currently regarded as number one stock in jensen alpha category among its peers. It is currently under evaluation in potential upside category among its peers reporting about
30.17 of Potential Upside per Jensen Alpha. The ratio of Potential Upside to Jensen Alpha for St James Gold is roughly
30.17 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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