Titan America Jensen Alpha
| TTAM Stock | | | 16.67 0.15 0.91% |
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 Titan America's current Jensen Alpha with peer comparisons and related risk metrics.
Current Jensen Alpha Value
Titan America's Jensen Alpha of
-0.11 reflects slightly negative alpha — return marginally below the CAPM-predicted level. Titan America has slightly underperformed relative to what its market beta would imply.
Jensen Alpha | = | ER[a] - RFR * (1-BETA) | - | BETA * ER[b]) |
| = | -0.11 | |
| ER[a] | = | Expected return on investing in Titan America |
| ER[b] | = | Expected return on market index or selected benchmark |
| BETA | = | Beta coefficient between Titan America and the market |
| RFR | = | Risk Free Rate of return. Typically T-Bill Rate |
Jensen Alpha Peers Comparison
Relative to peers, Titan America's Jensen Alpha is below the group average of 0.03. Peer readings range from -0.4175 (Boise Cascad Llc) to 0.4391 (Methanex), reflecting wide dispersion across the sector. Titan America 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 Titan America 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 Titan America to PeersMethodology, Assumptions & Data Sources
The current Jensen Alpha for Titan America is -0.11. This Jensen Alpha reading for Titan America results from applying the indicator's calculation rules to price and volume data over the selected window. Inputs are drawn from end-of-day closing prices reported by supported exchanges, adjusted for splits and dividends where applicable. Titan America operates in the basic materials sector, which may exhibit distinct volatility and momentum characteristics relative to the broader market. Indicator accuracy depends on data continuity across the calculation period. Gaps in trading history may affect the output.
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