Brookstone Value Jensen Alpha
| BAMV ETF | | | 34.56 -0.01 -0.03% |
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 Brookstone Value's current Jensen Alpha with peer comparisons and related risk metrics.
Current Jensen Alpha Value
The current Jensen Alpha of 0.0441 places Brookstone Value at positive alpha — return above what market exposure alone would predict. Brookstone Value has generated modest excess return beyond what its systematic risk exposure explains.
Jensen Alpha | = | ER[a] - RFR * (1-BETA) | - | BETA * ER[b]) |
| = | 0.0441 | |
| ER[a] | = | Expected return on investing in Brookstone Value |
| ER[b] | = | Expected return on market index or selected benchmark |
| BETA | = | Beta coefficient between Brookstone Value and the market |
| RFR | = | Risk Free Rate of return. Typically T-Bill Rate |
Jensen Alpha Peers Comparison
Brookstone Value falls below the 0.07 peer average for Jensen Alpha. Inspire Faithward Mid leads at 0.1777 while Global X Gold registers the lowest at -0.0286. Brookstone Value has generated less 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 Brookstone Value 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.
Brookstone Value produces
83.68 in Maximum Drawdown for each unit of Jensen Alpha, with respective readings of
3.69 and
0.04 . This indicates Maximum Drawdown substantially exceeds Jensen Alpha for Brookstone Value.
Methodology, Assumptions & Data Sources
Brookstone Value's Jensen Alpha currently stands at 0.0441. This Jensen Alpha reading for Brookstone Value results from applying the indicator's calculation rules to price and volume data over the selected window. All inputs are based on exchange-reported closing prices, with adjustments for stock splits, dividends, and other corporate actions. Indicator accuracy depends on data continuity across the calculation period. Gaps in trading history may affect the output.
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