Finnair Oyj Jensen Alpha

FIA1S Stock  EUR 2.31  0.08  3.35%   
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Finnair Oyj has current Jensen Alpha of 0.0692. 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])

 = 
0.0692
ER[a] = Expected return on investing in Finnair Oyj
ER[b] = Expected return on market index or selected benchmark
BETA = Beta coefficient between Finnair Oyj and the market
RFR = Risk Free Rate of return. Typically T-Bill Rate

Finnair Oyj Jensen Alpha Peers Comparison

Finnair Jensen Alpha Relative To Other Indicators

Finnair Oyj is one of the top stocks in jensen alpha category among its peers. It is currently under evaluation in maximum drawdown category among its peers reporting about  182.74  of Maximum Drawdown per Jensen Alpha. The ratio of Maximum Drawdown to Jensen Alpha for Finnair Oyj is roughly  182.74 
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 Finnair Oyj to Peers

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