| CZAR Etf | | | 30.15 0.11 0.37% |
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Themes Natural Monopoly has current Jensen Alpha of
(0.03). 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]) |
| = | (0.03) | |
| ER[a] | = | Expected return on investing in Themes Natural |
| ER[b] | = | Expected return on market index or selected benchmark |
| BETA | = | Beta coefficient between Themes Natural and the market |
| RFR | = | Risk Free Rate of return. Typically T-Bill Rate |
Themes Natural Jensen Alpha Peers Comparison
Themes Jensen Alpha Relative To Other Indicators
Themes Natural Monopoly is
third largest ETF in jensen alpha as compared to similar ETFs. It is currently under evaluation in maximum drawdown as compared to similar ETFs .
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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