| HSTE Etf | | | USD 5.88 0.02 0.34% |
HSBC Hang jensen-alpha technical analysis lookup allows you to check this and other technical indicators for HSBC Hang Seng or any other equities. You can select from a set of available technical indicators by clicking on the link to the right. Please note, not all equities are covered by this module due to inconsistencies in global equity categorizations and data normalization technicques. Please check also
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HSBC Hang Seng has current Jensen Alpha of 0.2293. 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]) |
| = | 0.2293 | |
| ER[a] | = | Expected return on investing in HSBC Hang |
| ER[b] | = | Expected return on market index or selected benchmark |
| BETA | = | Beta coefficient between HSBC Hang and the market |
| RFR | = | Risk Free Rate of return. Typically T-Bill Rate |
HSBC Hang Jensen Alpha Peers Comparison
HSBC Jensen Alpha Relative To Other Indicators
HSBC Hang Seng is one of the top ETFs in jensen alpha as compared to similar ETFs. It is currently under evaluation in maximum drawdown as compared to similar ETFs reporting about
73.29 of Maximum Drawdown per Jensen Alpha. The ratio of Maximum Drawdown to Jensen Alpha for HSBC Hang Seng is roughly
73.29 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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