| 5876 Stock | | | TWD 39.60 1.00 2.59% |
Shanghai Commercial jensen-alpha technical analysis lookup allows you to check this and other technical indicators for Shanghai Commercial Savings 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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Shanghai Commercial Savings has current Jensen Alpha of
(0.09). 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]) |
| = | (0.09) | |
| ER[a] | = | Expected return on investing in Shanghai Commercial |
| ER[b] | = | Expected return on market index or selected benchmark |
| BETA | = | Beta coefficient between Shanghai Commercial and the market |
| RFR | = | Risk Free Rate of return. Typically T-Bill Rate |
Shanghai Commercial Jensen Alpha Peers Comparison
Shanghai Jensen Alpha Relative To Other Indicators
Shanghai Commercial Savings is rated
fourth in jensen alpha category among its peers. It is currently under evaluation in maximum drawdown category among its peers .
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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