| KGS Stock | | | 39.72 0.72 1.78% |
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Kodiak Gas Services, has current Jensen Alpha of 0.4734. 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]) |
| = | 0.4734 | |
| ER[a] | = | Expected return on investing in Kodiak Gas |
| ER[b] | = | Expected return on market index or selected benchmark |
| BETA | = | Beta coefficient between Kodiak Gas and the market |
| RFR | = | Risk Free Rate of return. Typically T-Bill Rate |
Kodiak Gas Jensen Alpha Peers Comparison
Kodiak Jensen Alpha Relative To Other Indicators
Kodiak Gas Services, is currently regarded as number one stock in jensen alpha category among its peers. It is currently under evaluation in skewness category among its peers making up about
0.17 of Skewness per Jensen Alpha. The ratio of Jensen Alpha to Skewness for Kodiak Gas Services, is roughly
5.87 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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