JERONIMO MARTINS Jensen Alpha

JEM0 Stock  EUR 35.60  0.40  1.14%   
JERONIMO MARTINS jensen-alpha technical analysis lookup allows you to check this and other technical indicators for JERONIMO MARTINS UNADR2 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
  
JERONIMO MARTINS UNADR2 has current Jensen Alpha of 0.1419. 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])

 = 
0.1419
ER[a] = Expected return on investing in JERONIMO MARTINS
ER[b] = Expected return on market index or selected benchmark
BETA = Beta coefficient between JERONIMO MARTINS and the market
RFR = Risk Free Rate of return. Typically T-Bill Rate

JERONIMO MARTINS Jensen Alpha Peers Comparison

JERONIMO Jensen Alpha Relative To Other Indicators

JERONIMO MARTINS UNADR2 is rated fifth overall in jensen alpha category among its peers. It is rated below average in maximum drawdown category among its peers reporting about  66.64  of Maximum Drawdown per Jensen Alpha. The ratio of Maximum Drawdown to Jensen Alpha for JERONIMO MARTINS UNADR2 is roughly  66.64 
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 JERONIMO MARTINS to Peers

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