Cornerstone Strategic Jensen Alpha
| CLM Fund | | | USD 7.69 0.02 0.26% |
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 Cornerstone Strategic's current Jensen Alpha with peer comparisons and related risk metrics.
Current Jensen Alpha Value
Cornerstone Strategic's Jensen Alpha of
-0.0017 reflects slightly negative alpha — return marginally below the CAPM-predicted level. Cornerstone Strategic has slightly underperformed relative to what its market beta would imply.
Jensen Alpha | = | ER[a] - RFR * (1-BETA) | - | BETA * ER[b]) |
| = | -0.0017 | |
| ER[a] | = | Expected return on investing in Cornerstone Strategic |
| ER[b] | = | Expected return on market index or selected benchmark |
| BETA | = | Beta coefficient between Cornerstone Strategic and the market |
| RFR | = | Risk Free Rate of return. Typically T-Bill Rate |
Jensen Alpha Peers Comparison
Relative to peers, Cornerstone Strategic's Jensen Alpha is below the group average of 0.02. Peer readings range from -0.0794 (Cornerstone Total Return) to 0.1266 (Fidelity Advisor Stock), reflecting wide dispersion across the sector. Cornerstone Strategic 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 Cornerstone Strategic 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.
Compare Cornerstone Strategic to PeersMethodology, Assumptions & Data Sources
The current Jensen Alpha for Cornerstone Strategic is -0.0017. This Jensen Alpha reading for Cornerstone Strategic results from applying the indicator's calculation rules to price and volume data over the selected window. Data sources include daily closing prices from supported exchanges, with standard corporate action adjustments applied. Indicator accuracy depends on data continuity across the calculation period. Gaps in trading history may affect the output.
Other Technical Indicators