VICTORY INTEGRITY Jensen Alpha
| MYIMX Fund | | | USD 26.48 -0.30 -1.12% |
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 VICTORY INTEGRITY's current Jensen Alpha with peer comparisons and related risk metrics.
Current Jensen Alpha Value
The Jensen Alpha of 0.0562 for VICTORY INTEGRITY indicates positive alpha — return above what market exposure alone would predict. VICTORY INTEGRITY has generated modest excess return beyond what its systematic risk exposure explains.
Jensen Alpha | = | ER[a] - RFR * (1-BETA) | - | BETA * ER[b]) |
| = | 0.0562 | |
| ER[a] | = | Expected return on investing in VICTORY INTEGRITY |
| ER[b] | = | Expected return on market index or selected benchmark |
| BETA | = | Beta coefficient between VICTORY INTEGRITY and the market |
| RFR | = | Risk Free Rate of return. Typically T-Bill Rate |
Jensen Alpha Peers Comparison
VICTORY INTEGRITY falls below the 0.08 peer average for Jensen Alpha. Emerging Markets Fund leads at 0.218 while Ares Dynamic Credit registers the lowest at -0.0364. VICTORY INTEGRITY 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 Victory Integrity 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.
VICTORY INTEGRITY's Maximum Drawdown of
3.83 runs about
68.15 times its Jensen Alpha of
0.06 . This indicates Maximum Drawdown substantially exceeds Jensen Alpha for VICTORY INTEGRITY.
Methodology, Assumptions & Data Sources
VICTORY INTEGRITY has a current Jensen Alpha reading of 0.0562. Jensen Alpha for VICTORY INTEGRITY is derived by applying a defined formula to historical price observations, producing a time-series of comparable readings. All inputs are based on exchange-reported closing prices, with adjustments for stock splits, dividends, and other corporate actions. 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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