First Quantum Jensen Alpha

IZ1 Stock  EUR 13.02  0.21  1.64%   
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First Quantum Minerals has current Jensen Alpha of 0.1277. 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])

 = 
0.1277
ER[a] = Expected return on investing in First Quantum
ER[b] = Expected return on market index or selected benchmark
BETA = Beta coefficient between First Quantum and the market
RFR = Risk Free Rate of return. Typically T-Bill Rate

First Quantum Jensen Alpha Peers Comparison

First Jensen Alpha Relative To Other Indicators

First Quantum Minerals is rated fourth overall in jensen alpha category among its peers. It is currently under evaluation in maximum drawdown category among its peers reporting about  143.98  of Maximum Drawdown per Jensen Alpha. The ratio of Maximum Drawdown to Jensen Alpha for First Quantum Minerals is roughly  143.98 
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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