Ultimate Sports Jensen Alpha vs. Day Median Price

USPS Stock  USD 0.01  0.0006  13.33%   
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Ultimate Sports has current Jensen Alpha of 0.8996. 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])

 = 
0.8996
ER[a] = Expected return on investing in Ultimate Sports
ER[b] = Expected return on market index or selected benchmark
BETA = Beta coefficient between Ultimate Sports and the market
RFR = Risk Free Rate of return. Typically T-Bill Rate

Ultimate Sports Jensen Alpha Peers Comparison

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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