AMN Healthcare Jensen Alpha
| AMN Stock | | | USD 30.27 1.30 4.49% |
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 AMN Healthcare's current Jensen Alpha with peer comparisons and related risk metrics.
Current Jensen Alpha Value
AMN Healthcare's Jensen Alpha of 0.6017 reflects positive alpha — return above what market exposure alone would predict. AMN Healthcare has generated modest excess return beyond what its systematic risk exposure explains.
Jensen Alpha | = | ER[a] - RFR * (1-BETA) | - | BETA * ER[b]) |
| = | 0.6017 | |
| ER[a] | = | Expected return on investing in AMN Healthcare |
| ER[b] | = | Expected return on market index or selected benchmark |
| BETA | = | Beta coefficient between AMN Healthcare and the market |
| RFR | = | Risk Free Rate of return. Typically T-Bill Rate |
Jensen Alpha Peers Comparison
Relative to peers, AMN Healthcare's Jensen Alpha is above the group average of 0.49. Peer readings range from -0.2358 (Myriad Genetics) to 1.26 (Airsculpt Technologies), reflecting wide dispersion across the sector. AMN Healthcare 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 AMN Healthcare 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.
AMN Healthcare shows nearly
31.48 of Maximum Drawdown per unit of Jensen Alpha (
0.60 versus
18.94 ). This indicates Maximum Drawdown substantially exceeds Jensen Alpha for AMN Healthcare.
Methodology, Assumptions & Data Sources
The current Jensen Alpha for AMN Healthcare is 0.6017. AMN Healthcare's Jensen Alpha is computed from historical closing prices over the selected time horizon, applying the indicator's defined mathematical transformation to raw price data. Price data is sourced from standardized end-of-day feeds across supported exchanges, normalized for corporate actions. AMN Healthcare operates in the health care sector, which may exhibit distinct volatility and momentum characteristics relative to the broader market. Values are specific to the selected time horizon and may differ across measurement periods. This indicator does not constitute investment advice.
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