| EUZ Stock | | | 34.00 2.00 6.25% |
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Europa Metals has current Jensen Alpha of 0.527. 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]) |
| = | 0.527 | |
| ER[a] | = | Expected return on investing in Europa Metals |
| ER[b] | = | Expected return on market index or selected benchmark |
| BETA | = | Beta coefficient between Europa Metals and the market |
| RFR | = | Risk Free Rate of return. Typically T-Bill Rate |
Europa Metals Jensen Alpha Peers Comparison
Europa Jensen Alpha Relative To Other Indicators
Europa Metals is one of the top stocks in jensen alpha category among its peers. It is currently under evaluation in semi variance category among its peers fabricating about
120.57 of Semi Variance per Jensen Alpha. The ratio of Semi Variance to Jensen Alpha for Europa Metals is roughly
120.57 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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