| FBAQX Fund | | | 30.07 0.24 0.80% |
Fidelity Advisor jensen-alpha technical analysis lookup allows you to check this and other technical indicators for Fidelity Advisor Balanced 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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Fidelity Advisor Balanced has current Jensen Alpha of 0.0112. 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]) |
| = | 0.0112 | |
| ER[a] | = | Expected return on investing in Fidelity Advisor |
| ER[b] | = | Expected return on market index or selected benchmark |
| BETA | = | Beta coefficient between Fidelity Advisor and the market |
| RFR | = | Risk Free Rate of return. Typically T-Bill Rate |
Fidelity Advisor Jensen Alpha Peers Comparison
Fidelity Jensen Alpha Relative To Other Indicators
Fidelity Advisor Balanced is rated
# 2 fund in jensen alpha among similar funds. It is currently under evaluation in maximum drawdown among similar funds reporting about
312.12 of Maximum Drawdown per Jensen Alpha. The ratio of Maximum Drawdown to Jensen Alpha for Fidelity Advisor Balanced is roughly
312.12 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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