| 5234 Stock | | | TWD 207.00 2.50 1.22% |
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Daxin Materials Corp has current Jensen Alpha of 0.2626. 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]) |
| = | 0.2626 | |
| ER[a] | = | Expected return on investing in Daxin Materials |
| ER[b] | = | Expected return on market index or selected benchmark |
| BETA | = | Beta coefficient between Daxin Materials and the market |
| RFR | = | Risk Free Rate of return. Typically T-Bill Rate |
Daxin Materials Jensen Alpha Peers Comparison
Daxin Jensen Alpha Relative To Other Indicators
Daxin Materials Corp is number one stock in jensen alpha category among its peers. It is currently under evaluation in maximum drawdown category among its peers reporting about
75.73 of Maximum Drawdown per Jensen Alpha. The ratio of Maximum Drawdown to Jensen Alpha for Daxin Materials Corp is roughly
75.73 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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