| AAU Stock | | | 2.60 0.05 1.96% |
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Ariana Resources plc has current Jensen Alpha of 0.5087. 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]) |
| = | 0.5087 | |
| ER[a] | = | Expected return on investing in Ariana Resources |
| ER[b] | = | Expected return on market index or selected benchmark |
| BETA | = | Beta coefficient between Ariana Resources and the market |
| RFR | = | Risk Free Rate of return. Typically T-Bill Rate |
Ariana Resources Jensen Alpha Peers Comparison
Ariana Jensen Alpha Relative To Other Indicators
Ariana Resources plc is rated
third in jensen alpha category among its peers. It is currently under evaluation in maximum drawdown category among its peers reporting about
41.03 of Maximum Drawdown per Jensen Alpha. The ratio of Maximum Drawdown to Jensen Alpha for Ariana Resources plc is roughly
41.03 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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