Hawkeye Gold Jensen Alpha

HAWK Stock  CAD 0.05  0.01  25.00%   
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Hawkeye Gold and has current Jensen Alpha of 0.5445. 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])

 = 
0.5445
ER[a] = Expected return on investing in Hawkeye Gold
ER[b] = Expected return on market index or selected benchmark
BETA = Beta coefficient between Hawkeye Gold and the market
RFR = Risk Free Rate of return. Typically T-Bill Rate

Hawkeye Gold Jensen Alpha Peers Comparison

Hawkeye Jensen Alpha Relative To Other Indicators

Hawkeye Gold and 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  107.13  of Maximum Drawdown per Jensen Alpha. The ratio of Maximum Drawdown to Jensen Alpha for Hawkeye Gold and is roughly  107.13 
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 Hawkeye Gold to Peers

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