ICON FINANCIAL Jensen Alpha
| ICFSX Fund | | | USD 9.04 -0.08 -0.88% |
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 ICON FINANCIAL's current Jensen Alpha with peer comparisons and related risk metrics.
Current Jensen Alpha Value
ICON FINANCIAL has a Jensen Alpha of 0.007, indicating positive alpha — return above what market exposure alone would predict. ICON FINANCIAL has generated modest excess return beyond what its systematic risk exposure explains.
Jensen Alpha | = | ER[a] - RFR * (1-BETA) | - | BETA * ER[b]) |
| = | 0.007 | |
| ER[a] | = | Expected return on investing in ICON FINANCIAL |
| ER[b] | = | Expected return on market index or selected benchmark |
| BETA | = | Beta coefficient between ICON FINANCIAL and the market |
| RFR | = | Risk Free Rate of return. Typically T-Bill Rate |
Jensen Alpha Peers Comparison
ICON FINANCIAL's Jensen Alpha of 0.007 falls below the 0.08 peer average. Values range from 0.0596 (Matson Money Equity) to 0.093 (Rmb Mendon Financial), with tight clustering across the group. ICON FINANCIAL 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 Icon Financial 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.
ICON FINANCIAL's Maximum Drawdown of
4.70 runs about
670.77 times its Jensen Alpha of
0.01 . This indicates Maximum Drawdown substantially exceeds Jensen Alpha for ICON FINANCIAL.
Methodology, Assumptions & Data Sources
ICON FINANCIAL has a current Jensen Alpha reading of 0.007. ICON FINANCIAL'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. The underlying data comes from exchange-reported daily closes with corporate action adjustments applied where relevant. The output reflects the selected calculation window — changing the horizon will produce different readings. This fund metric is provided for analytical reference.
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