Starcore International Jensen Alpha

SAM Stock  CAD 0.14  0.02  12.50%   
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Starcore International Mines has current Jensen Alpha of 0.4198. 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])

 = 
0.4198
ER[a] = Expected return on investing in Starcore International
ER[b] = Expected return on market index or selected benchmark
BETA = Beta coefficient between Starcore International and the market
RFR = Risk Free Rate of return. Typically T-Bill Rate

Starcore International Jensen Alpha Peers Comparison

Starcore Jensen Alpha Relative To Other Indicators

Starcore International Mines is rated third in jensen alpha category among its peers. It is currently under evaluation in maximum drawdown category among its peers reporting about  94.74  of Maximum Drawdown per Jensen Alpha. The ratio of Maximum Drawdown to Jensen Alpha for Starcore International Mines is roughly  94.74 
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 Starcore International to Peers

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