| UBXG Stock | | | 3.81 0.13 3.30% |
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U BX Technology Ltd has current Jensen Alpha of 18.25. 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]) |
| = | 18.25 | |
| ER[a] | = | Expected return on investing in U BX |
| ER[b] | = | Expected return on market index or selected benchmark |
| BETA | = | Beta coefficient between U BX and the market |
| RFR | = | Risk Free Rate of return. Typically T-Bill Rate |
U BX Jensen Alpha Peers Comparison
UBXG Jensen Alpha Relative To Other Indicators
U BX Technology Ltd is rated
first in jensen alpha category among its peers. It is currently under evaluation in skewness category among its peers making up about
0.44 of Skewness per Jensen Alpha. The ratio of Jensen Alpha to Skewness for U BX Technology Ltd is roughly
2.25 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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