Senci Electric Jensen Alpha

603109 Stock   17.07  0.46  2.77%   
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Senci Electric Machinery has current Jensen Alpha of 0.5479. 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])

 = 
0.5479
ER[a] = Expected return on investing in Senci Electric
ER[b] = Expected return on market index or selected benchmark
BETA = Beta coefficient between Senci Electric and the market
RFR = Risk Free Rate of return. Typically T-Bill Rate

Senci Electric Jensen Alpha Peers Comparison

Senci Jensen Alpha Relative To Other Indicators

Senci Electric Machinery is rated third in jensen alpha category among its peers. It is currently under evaluation in maximum drawdown category among its peers reporting about  34.77  of Maximum Drawdown per Jensen Alpha. The ratio of Maximum Drawdown to Jensen Alpha for Senci Electric Machinery is roughly  34.77 
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 Senci Electric to Peers

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