ALM Offensif Jensen Alpha

0P00000GIZ  EUR 321.24  0.00  0.00%   
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ALM Offensif has current Jensen Alpha of 0.0527. 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])

 = 
0.0527
ER[a] = Expected return on investing in ALM Offensif
ER[b] = Expected return on market index or selected benchmark
BETA = Beta coefficient between ALM Offensif and the market
RFR = Risk Free Rate of return. Typically T-Bill Rate

ALM Offensif Jensen Alpha Peers Comparison

ALM Jensen Alpha Relative To Other Indicators

ALM Offensif is second largest fund in jensen alpha among similar funds. It is currently under evaluation in maximum drawdown among similar funds reporting about  45.53  of Maximum Drawdown per Jensen Alpha. The ratio of Maximum Drawdown to Jensen Alpha for ALM Offensif is roughly  45.53 
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 ALM Offensif to Peers

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