| 62886EAY4 | | | 99.78 3.26 3.38% |
62886EAY4 jensen-alpha technical analysis lookup allows you to check this and other technical indicators for NCR P NEW 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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NCR P NEW has current Jensen Alpha of 0.0444. 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]) |
| = | 0.0444 | |
| ER[a] | = | Expected return on investing in 62886EAY4 |
| ER[b] | = | Expected return on market index or selected benchmark |
| BETA | = | Beta coefficient between 62886EAY4 and the market |
| RFR | = | Risk Free Rate of return. Typically T-Bill Rate |
62886EAY4 Jensen Alpha Peers Comparison
62886EAY4 Jensen Alpha Relative To Other Indicators
NCR P NEW cannot be rated in Jensen Alpha category at this point. It cannot be rated in Maximum Drawdown category at this point. reporting about
228.56 of Maximum Drawdown per Jensen Alpha. The ratio of Maximum Drawdown to Jensen Alpha for NCR P NEW is roughly
228.56 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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