World Energy Jensen Alpha

AIWEX Fund  USD 14.25  0.14  0.99%   
World Energy jensen-alpha technical analysis lookup allows you to check this and other technical indicators for World Energy Fund 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 Equity Screeners to view more equity screening tools
  
World Energy Fund has current Jensen Alpha of 0.0611. 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])

 = 
0.0611
ER[a] = Expected return on investing in World Energy
ER[b] = Expected return on market index or selected benchmark
BETA = Beta coefficient between World Energy and the market
RFR = Risk Free Rate of return. Typically T-Bill Rate

World Energy Jensen Alpha Peers Comparison

World Jensen Alpha Relative To Other Indicators

World Energy Fund is the top fund in jensen alpha among similar funds. It is currently under evaluation in maximum drawdown among similar funds reporting about  120.56  of Maximum Drawdown per Jensen Alpha. The ratio of Maximum Drawdown to Jensen Alpha for World Energy Fund is roughly  120.56 
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 World Energy to Peers

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