| JTH Stock | | | EUR 12.40 0.20 1.64% |
Gesundheitswelt Chiemgau jensen-alpha technical analysis lookup allows you to check this and other technical indicators for Gesundheitswelt Chiemgau AG 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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Gesundheitswelt Chiemgau AG has current Jensen Alpha of 0.0652. 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]) |
| = | 0.0652 | |
| ER[a] | = | Expected return on investing in Gesundheitswelt Chiemgau |
| ER[b] | = | Expected return on market index or selected benchmark |
| BETA | = | Beta coefficient between Gesundheitswelt Chiemgau and the market |
| RFR | = | Risk Free Rate of return. Typically T-Bill Rate |
Gesundheitswelt Chiemgau Jensen Alpha Peers Comparison
Gesundheitswelt Jensen Alpha Relative To Other Indicators
Gesundheitswelt Chiemgau AG is rated
fourth overall in jensen alpha category among its peers. It is currently under evaluation in maximum drawdown category among its peers reporting about
205.13 of Maximum Drawdown per Jensen Alpha. The ratio of Maximum Drawdown to Jensen Alpha for Gesundheitswelt Chiemgau AG is roughly
205.13 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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