Intermediate Term Jensen Alpha

TWWOX Fund  USD 10.83  0.02  0.19%   
Intermediate Term jensen-alpha technical analysis lookup allows you to check this and other technical indicators for Intermediate Term Tax Free Bond or any other equities. You can select from a set of available technical indicators by clicking on the link to the right. Please note, not all equities are covered by this module due to inconsistencies in global equity categorizations and data normalization technicques. Please check also Equity Screeners to view more equity screening tools
  
Intermediate Term Tax Free Bond has current Jensen Alpha of 0.0069. 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])

 = 
0.0069
ER[a] = Expected return on investing in Intermediate Term
ER[b] = Expected return on market index or selected benchmark
BETA = Beta coefficient between Intermediate Term and the market
RFR = Risk Free Rate of return. Typically T-Bill Rate

Intermediate Term Jensen Alpha Peers Comparison

Intermediate Jensen Alpha Relative To Other Indicators

Intermediate Term Tax Free Bond is rated second largest fund in jensen alpha among similar funds. It is currently under evaluation in maximum drawdown among similar funds reporting about  161.86  of Maximum Drawdown per Jensen Alpha. The ratio of Maximum Drawdown to Jensen Alpha for Intermediate Term Tax Free Bond is roughly  161.86 
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 Intermediate Term to Peers

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