Spruce Biosciences Jensen Alpha
| SPRB Stock | | | USD 54.37 0.36 0.67% |
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 Spruce Biosciences's current Jensen Alpha with peer comparisons and related risk metrics.
Current Jensen Alpha Value
A Jensen Alpha of
-0.33 for Spruce Biosciences signals slightly negative alpha — return marginally below the CAPM-predicted level. Spruce Biosciences has slightly underperformed relative to what its market beta would imply.
Jensen Alpha | = | ER[a] - RFR * (1-BETA) | - | BETA * ER[b]) |
| = | -0.33 | |
| ER[a] | = | Expected return on investing in Spruce Biosciences |
| ER[b] | = | Expected return on market index or selected benchmark |
| BETA | = | Beta coefficient between Spruce Biosciences and the market |
| RFR | = | Risk Free Rate of return. Typically T-Bill Rate |
Jensen Alpha Peers Comparison
Spruce Biosciences's Jensen Alpha of -0.3309 falls below the 0.29 peer average. Values range from -2.34 (IO Biotech) to 1.84 (Cue Biopharma), with wide dispersion across the group. Spruce Biosciences 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 Spruce Biosciences 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 Spruce Biosciences to PeersMethodology, Assumptions & Data Sources
Spruce Biosciences' Jensen Alpha currently stands at -0.33. The Jensen Alpha for Spruce Biosciences 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. Indicator accuracy depends on data continuity across the calculation period. Gaps in trading history may affect the output.
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