BlackRock TCP Jensen Alpha
| TCPC Stock | | | USD 4.19 -0.17 -3.90% |
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 BlackRock TCP's current Jensen Alpha with peer comparisons and related risk metrics.
Current Jensen Alpha Value
The Jensen Alpha of
-0.08 for BlackRock TCP indicates slightly negative alpha — return marginally below the CAPM-predicted level. BlackRock TCP has slightly underperformed relative to what its market beta would imply.
Jensen Alpha | = | ER[a] - RFR * (1-BETA) | - | BETA * ER[b]) |
| = | -0.08 | |
| ER[a] | = | Expected return on investing in BlackRock TCP |
| ER[b] | = | Expected return on market index or selected benchmark |
| BETA | = | Beta coefficient between BlackRock TCP and the market |
| RFR | = | Risk Free Rate of return. Typically T-Bill Rate |
Jensen Alpha Peers Comparison
Among sector peers, BlackRock TCP's Jensen Alpha of -0.0762 is above the -0.09 group average. The range runs from -0.4416 (Coincheck Group NV) to 0.3138 (Gladstone Investment). BlackRock TCP has generated more 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 BlackRock TCP 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 BlackRock TCP to PeersMethodology, Assumptions & Data Sources
BlackRock TCP's Jensen Alpha currently stands at -0.08. This Jensen Alpha reading for BlackRock TCP results from applying the indicator's calculation rules to price and volume data over the selected window. Data sources include daily closing prices from supported exchanges, with standard corporate action adjustments applied. BlackRock TCP operates in the financial services sector, which may exhibit distinct volatility and momentum characteristics relative to the broader market. The calculation assumes continuous price data across the selected period. All readings are presented as reference data.
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