Investment Jensen Alpha

ICAFX Fund  USD 63.70  0.48  0.76%   
Investment jensen-alpha technical analysis lookup allows you to check this and other technical indicators for Investment Of America 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
  
Investment Of America has current Jensen Alpha of 0.0887. 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])

 = 
0.0887
ER[a] = Expected return on investing in Investment
ER[b] = Expected return on market index or selected benchmark
BETA = Beta coefficient between Investment and the market
RFR = Risk Free Rate of return. Typically T-Bill Rate

Investment Jensen Alpha Peers Comparison

Investment Jensen Alpha Relative To Other Indicators

Investment Of America is rated third overall fund in jensen alpha among similar funds. It is currently under evaluation in maximum drawdown among similar funds reporting about  41.69  of Maximum Drawdown per Jensen Alpha. The ratio of Maximum Drawdown to Jensen Alpha for Investment Of America is roughly  41.69 
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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