New York Jensen Alpha
| NYT Stock | | | USD 80.89 0.46 0.57% |
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 New York's current Jensen Alpha with peer comparisons and related risk metrics.
Current Jensen Alpha Value
A Jensen Alpha of 0.2098 for New York signals positive alpha — return above what market exposure alone would predict. New York has generated modest excess return beyond what its systematic risk exposure explains.
Jensen Alpha | = | ER[a] - RFR * (1-BETA) | - | BETA * ER[b]) |
| = | 0.2098 | |
| ER[a] | = | Expected return on investing in New York |
| ER[b] | = | Expected return on market index or selected benchmark |
| BETA | = | Beta coefficient between New York and the market |
| RFR | = | Risk Free Rate of return. Typically T-Bill Rate |
Jensen Alpha Peers Comparison
New York's Jensen Alpha of 0.2098 falls below the 0.24 peer average. Values range from -0.1032 (Interpublic Group) to 0.7821 (SK Telecom Co), with wide dispersion across the group. New York 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 New York 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.
Comparing Jensen Alpha (
0.21 ) to Maximum Drawdown (
7.75 ) for New York yields a
36.96 multiple. This indicates Maximum Drawdown substantially exceeds Jensen Alpha for New York.
Methodology, Assumptions & Data Sources
New York has a current Jensen Alpha reading of 0.2098. New York'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. Data sources include daily closing prices from supported exchanges, with standard corporate action adjustments applied. New York operates in the communication services sector, which may exhibit distinct volatility and momentum characteristics relative to the broader market. The output reflects the selected calculation window — changing the horizon will produce different readings. This stock metric is provided for analytical reference.
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