Sit Developing Jensen Alpha

SDMGX Fund  USD 18.25  0.04  0.22%   
Sit Developing jensen-alpha technical analysis lookup allows you to check this and other technical indicators for Sit Developing Markets 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
  
Sit Developing Markets has current Jensen Alpha of 0.1072. 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])

 = 
0.1072
ER[a] = Expected return on investing in Sit Developing
ER[b] = Expected return on market index or selected benchmark
BETA = Beta coefficient between Sit Developing and the market
RFR = Risk Free Rate of return. Typically T-Bill Rate

Sit Developing Jensen Alpha Peers Comparison

Sit Jensen Alpha Relative To Other Indicators

Sit Developing Markets is rated fourth largest fund in jensen alpha among similar funds. It is rated third largest fund in maximum drawdown among similar funds reporting about  51.97  of Maximum Drawdown per Jensen Alpha. The ratio of Maximum Drawdown to Jensen Alpha for Sit Developing Markets is roughly  51.97 
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 Sit Developing to Peers

Thematic Opportunities

Explore Investment Opportunities

Build portfolios using Macroaxis predefined set of investing ideas. Many of Macroaxis investing ideas can easily outperform a given market. Ideas can also be optimized per your risk profile before portfolio origination is invoked. Macroaxis thematic optimization helps investors identify companies most likely to benefit from changes or shifts in various micro-economic or local macro-level trends. Originating optimal thematic portfolios involves aligning investors' personal views, ideas, and beliefs with their actual investments.
Explore Investing Ideas