Bank Ina jensen-alpha technical analysis lookup allows you to check this and other technical indicators for Bank Ina Perdana or any other equities. You can select from a set of available technical indicators by clicking on the link to the right. Please note, not all equities are covered by this module due to inconsistencies in global equity categorizations and data normalization technicques. Please check also Equity Screeners to view more equity screening tools
Bank
Bank Ina Perdana has current Jensen Alpha of 0.0537. 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])
=
0.0537
ER[a]
=
Expected return on investing in Bank Ina
ER[b]
=
Expected return on market index or selected benchmark
Bank Ina Perdana is rated second in jensen alpha category among its peers. It is currently under evaluation in maximum drawdown category among its peers reporting about 110.94 of Maximum Drawdown per Jensen Alpha. The ratio of Maximum Drawdown to Jensen Alpha for Bank Ina Perdana is roughly 110.94
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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