Propert Buil Jensen Alpha

PTBL Stock  ILS 24,970  60.00  0.24%   
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Propert Buil has current Jensen Alpha of 0.2913. 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])

 = 
0.2913
ER[a] = Expected return on investing in Propert Buil
ER[b] = Expected return on market index or selected benchmark
BETA = Beta coefficient between Propert Buil and the market
RFR = Risk Free Rate of return. Typically T-Bill Rate

Propert Buil Jensen Alpha Peers Comparison

Propert Jensen Alpha Relative To Other Indicators

Propert Buil is regarded fifth in jensen alpha category among its peers. It is currently under evaluation in maximum drawdown category among its peers reporting about  49.87  of Maximum Drawdown per Jensen Alpha. The ratio of Maximum Drawdown to Jensen Alpha for Propert Buil is roughly  49.87 
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.
Compare Propert Buil to Peers

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