H B Jensen Alpha
| FUL Stock | | | USD 61.25 0.58 0.96% |
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 H B's current Jensen Alpha with peer comparisons and related risk metrics.
Current Jensen Alpha Value
A Jensen Alpha of
-0.02 for H B signals slightly negative alpha — return marginally below the CAPM-predicted level. H B has slightly underperformed relative to what its market beta would imply.
Jensen Alpha | = | ER[a] - RFR * (1-BETA) | - | BETA * ER[b]) |
| = | -0.02 | |
| ER[a] | = | Expected return on investing in H B |
| ER[b] | = | Expected return on market index or selected benchmark |
| BETA | = | Beta coefficient between H B and the market |
| RFR | = | Risk Free Rate of return. Typically T-Bill Rate |
Jensen Alpha Peers Comparison
H B's Jensen Alpha of -0.0246 falls below the 0.17 peer average. Values range from -0.1718 (WD 40 Company) to 0.4367 (Hawkins), with wide dispersion across the group. H B 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 H B 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 H B to PeersMethodology, Assumptions & Data Sources
The current Jensen Alpha for H B is -0.02. H B's Jensen Alpha is computed from historical closing prices over the selected time horizon, applying the indicator's defined mathematical transformation to raw price data. Price data is sourced from standardized end-of-day feeds across supported exchanges, normalized for corporate actions. H B operates in the basic materials sector, which may exhibit distinct volatility and momentum characteristics relative to the broader market. Indicator accuracy depends on data continuity across the calculation period. Gaps in trading history may affect the output.
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