| OPTX Stock | | | 3.50 1.56 80.41% |
Syntec Optics jensen-alpha technical analysis lookup allows you to check this and other technical indicators for Syntec Optics Holdings 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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Syntec Optics Holdings has current Jensen Alpha of 3.17. 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]) |
| = | 3.17 | |
| ER[a] | = | Expected return on investing in Syntec Optics |
| ER[b] | = | Expected return on market index or selected benchmark |
| BETA | = | Beta coefficient between Syntec Optics and the market |
| RFR | = | Risk Free Rate of return. Typically T-Bill Rate |
Syntec Optics Jensen Alpha Peers Comparison
Syntec Jensen Alpha Relative To Other Indicators
Syntec Optics 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
39.85 of Maximum Drawdown per Jensen Alpha. The ratio of Maximum Drawdown to Jensen Alpha for Syntec Optics Holdings is roughly
39.85 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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