Osisko Mining Jensen Alpha

OBNNFDelisted Stock  USD 3.51  0.00  0.00%   
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Osisko Mining has current Jensen Alpha of 0.997. 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])

 = 
0.997
ER[a] = Expected return on investing in Osisko Mining
ER[b] = Expected return on market index or selected benchmark
BETA = Beta coefficient between Osisko Mining and the market
RFR = Risk Free Rate of return. Typically T-Bill Rate

Osisko Mining Jensen Alpha Peers Comparison

Osisko Jensen Alpha Relative To Other Indicators

Osisko Mining is regarded third in jensen alpha category among its peers. It is currently under evaluation in maximum drawdown category among its peers reporting about  64.15  of Maximum Drawdown per Jensen Alpha. The ratio of Maximum Drawdown to Jensen Alpha for Osisko Mining is roughly  64.15 
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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