BANDAI NAMCO Jensen Alpha

N9B Stock  EUR 22.96  0.61  2.73%   
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BANDAI NAMCO Holdings has current Jensen Alpha of 1.85. 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])

 = 
1.85
ER[a] = Expected return on investing in BANDAI NAMCO
ER[b] = Expected return on market index or selected benchmark
BETA = Beta coefficient between BANDAI NAMCO and the market
RFR = Risk Free Rate of return. Typically T-Bill Rate

BANDAI NAMCO Jensen Alpha Peers Comparison

BANDAI Jensen Alpha Relative To Other Indicators

BANDAI NAMCO Holdings is considered to be number one stock in jensen alpha category among its peers. It is currently under evaluation in maximum drawdown category among its peers reporting about  63.29  of Maximum Drawdown per Jensen Alpha. The ratio of Maximum Drawdown to Jensen Alpha for BANDAI NAMCO Holdings is roughly  63.29 
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 BANDAI NAMCO to Peers

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