Shoe Carnival Jensen Alpha
| SCVL Stock | | | USD 16.43 -0.60 -3.52% |
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 Shoe Carnival's current Jensen Alpha with peer comparisons and related risk metrics.
Current Jensen Alpha Value
Shoe Carnival carries a Jensen Alpha of
-0.26, consistent with slightly negative alpha — return marginally below the CAPM-predicted level. Shoe Carnival has slightly underperformed relative to what its market beta would imply.
Jensen Alpha | = | ER[a] - RFR * (1-BETA) | - | BETA * ER[b]) |
| = | -0.26 | |
| ER[a] | = | Expected return on investing in Shoe Carnival |
| ER[b] | = | Expected return on market index or selected benchmark |
| BETA | = | Beta coefficient between Shoe Carnival and the market |
| RFR | = | Risk Free Rate of return. Typically T-Bill Rate |
Jensen Alpha Peers Comparison
The peer group averages 0.04 for Jensen Alpha, with Shoe Carnival at -0.2565 falling below that level. Readings span -0.4103 (Stitch Fix) to 0.4572 (Bloomin Brands). Shoe Carnival 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 Shoe Carnival 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 Shoe Carnival to PeersMethodology, Assumptions & Data Sources
Shoe Carnival's Jensen Alpha currently stands at -0.26. The Jensen Alpha for Shoe Carnival applies a standardized calculation to daily closing prices and, where applicable, volume data across the selected period. All inputs are based on exchange-reported closing prices, with adjustments for stock splits, dividends, and other corporate actions. Shoe Carnival operates in the consumer discretionary 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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