Hartford Large Jensen Alpha
| HFGO ETF | | | USD 28.93 0.68 2.41% |
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 Hartford Large's current Jensen Alpha with peer comparisons and related risk metrics.
Current Jensen Alpha Value
Hartford Large carries a Jensen Alpha of 0.1306, consistent with positive alpha — return above what market exposure alone would predict. Hartford Large has generated modest excess return beyond what its systematic risk exposure explains.
Jensen Alpha | = | ER[a] - RFR * (1-BETA) | - | BETA * ER[b]) |
| = | 0.1306 | |
| ER[a] | = | Expected return on investing in Hartford Large |
| ER[b] | = | Expected return on market index or selected benchmark |
| BETA | = | Beta coefficient between Hartford Large and the market |
| RFR | = | Risk Free Rate of return. Typically T-Bill Rate |
Jensen Alpha Peers Comparison
The peer group averages 0.08 for Jensen Alpha, with Hartford Large at 0.1306 falling above that level. Readings span -0.0301 (AdvisorShares Focused Equity) to 0.266 (Renaissance IPO ETF). Hartford Large has generated more 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 Hartford Large 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.
Hartford Large shows nearly
45.35 of Maximum Drawdown per unit of Jensen Alpha (
0.13 versus
5.92 ). This indicates Maximum Drawdown substantially exceeds Jensen Alpha for Hartford Large.
Methodology, Assumptions & Data Sources
Hartford Large's Jensen Alpha currently stands at 0.1306. Hartford Large'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. Results are based on historical returns and do not predict future performance. This indicator is provided for informational purposes.
Other Technical Indicators