| NEWU11 Fund | | | BRL 72.98 0.02 0.03% |
Renda De jensen-alpha technical analysis lookup allows you to check this and other technical indicators for Renda de Escritorios or any other equities. You can select from a set of available technical indicators by clicking on the link to the right. Please note, not all equities are covered by this module due to inconsistencies in global equity categorizations and data normalization technicques. Please check also
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Renda de Escritorios has current Jensen Alpha of 0.0594. 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]) |
| = | 0.0594 | |
| ER[a] | = | Expected return on investing in Renda De |
| ER[b] | = | Expected return on market index or selected benchmark |
| BETA | = | Beta coefficient between Renda De and the market |
| RFR | = | Risk Free Rate of return. Typically T-Bill Rate |
Renda De Jensen Alpha Peers Comparison
Renda Jensen Alpha Relative To Other Indicators
Renda de Escritorios is regarded
third largest fund in jensen alpha among similar funds. It is number one fund in maximum drawdown among similar funds reporting about
450.16 of Maximum Drawdown per Jensen Alpha. The ratio of Maximum Drawdown to Jensen Alpha for Renda de Escritorios is roughly
450.16 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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