Yayla Enerji Jensen Alpha

YAYLA Stock  TRY 21.34  0.38  1.75%   
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Yayla Enerji Uretim has current Jensen Alpha of 0.0432. 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])

 = 
0.0432
ER[a] = Expected return on investing in Yayla Enerji
ER[b] = Expected return on market index or selected benchmark
BETA = Beta coefficient between Yayla Enerji and the market
RFR = Risk Free Rate of return. Typically T-Bill Rate

Yayla Enerji Jensen Alpha Peers Comparison

Yayla Jensen Alpha Relative To Other Indicators

Yayla Enerji Uretim is rated below average in jensen alpha category among its peers. It is currently under evaluation in maximum drawdown category among its peers reporting about  411.01  of Maximum Drawdown per Jensen Alpha. The ratio of Maximum Drawdown to Jensen Alpha for Yayla Enerji Uretim is roughly  411.01 
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 Yayla Enerji to Peers

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