Paranovus Entertainment Jensen Alpha
| PAVS Stock | | | 1.18 0.02 1.72% |
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 Paranovus Entertainment's current Jensen Alpha with peer comparisons and related risk metrics.
Current Jensen Alpha Value
The current Jensen Alpha of
-2.77 places Paranovus Entertainment at negative alpha — return below what market exposure would predict. The magnitude indicates Paranovus Entertainment has materially underperformed its risk-adjusted expected return.
Jensen Alpha | = | ER[a] - RFR * (1-BETA) | - | BETA * ER[b]) |
| = | -2.77 | |
| ER[a] | = | Expected return on investing in Paranovus Entertainment |
| ER[b] | = | Expected return on market index or selected benchmark |
| BETA | = | Beta coefficient between Paranovus Entertainment and the market |
| RFR | = | Risk Free Rate of return. Typically T-Bill Rate |
Jensen Alpha Peers Comparison
Paranovus Entertainment falls below the -0.36 peer average for Jensen Alpha. Wing Yip Food leads at 0.9569 while CIMG Inc registers the lowest at -2.6326. Paranovus Entertainment 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 Paranovus Entertainment 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.
Compare Paranovus Entertainment to PeersMethodology, Assumptions & Data Sources
Paranovus Entertainment has a current Jensen Alpha reading of -2.77. The Jensen Alpha for Paranovus Entertainment is produced by transforming raw price history into a standardized measure according to the indicator's defined methodology. Price data is sourced from standardized end-of-day feeds across supported exchanges, normalized for corporate actions. Values are specific to the selected time horizon and may differ across measurement periods. This indicator does not constitute investment advice.
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