EUROPACIFIC GROWTH Jensen Alpha
| AEPGX Fund | | | USD 65.92 0.06 0.09% |
Jensen Alpha measures the return attributable to active skill rather than passive market exposure. It is the residual return after subtracting the risk-free rate and the beta-adjusted market premium — the return the asset should have earned based solely on its systematic risk. Below is EUROPACIFIC GROWTH's current Jensen Alpha with peer comparisons and related risk metrics.
Current Jensen Alpha Value
At 0.0659, EUROPACIFIC GROWTH exhibits positive alpha — return above what market exposure alone would predict in Jensen Alpha. EUROPACIFIC GROWTH has generated modest excess return beyond what its systematic risk exposure explains.
Jensen Alpha | = | ER[a] - RFR * (1-BETA) | - | BETA * ER[b]) |
| = | 0.0659 | |
| ER[a] | = | Expected return on investing in EUROPACIFIC GROWTH |
| ER[b] | = | Expected return on market index or selected benchmark |
| BETA | = | Beta coefficient between EUROPACIFIC GROWTH and the market |
| RFR | = | Risk Free Rate of return. Typically T-Bill Rate |
Jensen Alpha Peers Comparison
Among sector peers, EUROPACIFIC GROWTH's Jensen Alpha of 0.0659 is above the 0.06 group average. The range runs from 0.0013 (Income Fund Of) to 0.1161 (Capital World Growth). EUROPACIFIC GROWTH has generated more excess return relative to its market exposure than the peer group average.
Jensen Alpha Relative To Other Indicators
The chart below plots Jensen Alpha against Maximum Drawdown for Europacific Growth and its peers. Each point represents one equity — position along the horizontal axis shows Jensen Alpha while the vertical axis shows Maximum Drawdown. Equities that cluster in different quadrants carry distinct risk-return profiles. Use the dropdowns to swap in other indicators for either axis.
EUROPACIFIC GROWTH's Maximum Drawdown of
6.26 runs about
94.96 times its Jensen Alpha of
0.07 . This indicates Maximum Drawdown substantially exceeds Jensen Alpha for EUROPACIFIC GROWTH.
Methodology, Assumptions & Data Sources
The current Jensen Alpha for EUROPACIFIC GROWTH is 0.0659. This Jensen Alpha reading for EUROPACIFIC GROWTH results from applying the indicator's calculation rules to price and volume data over the selected window. The underlying data comes from exchange-reported daily closes with corporate action adjustments applied where relevant. EUROPACIFIC GROWTH operates in the foreign large growth sector, which may exhibit distinct volatility and momentum characteristics relative to the broader market. The output reflects the selected calculation window — changing the horizon will produce different readings. This fund metric is provided for analytical reference.
Other Technical Indicators