| UNIP3 Stock | | | BRL 48.31 0.02 0.04% |
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Unipar Carbocloro SA has current Jensen Alpha of 0.1051. 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]) |
| = | 0.1051 | |
| ER[a] | = | Expected return on investing in Unipar Carbocloro |
| ER[b] | = | Expected return on market index or selected benchmark |
| BETA | = | Beta coefficient between Unipar Carbocloro and the market |
| RFR | = | Risk Free Rate of return. Typically T-Bill Rate |
Unipar Carbocloro Jensen Alpha Peers Comparison
Unipar Jensen Alpha Relative To Other Indicators
Unipar Carbocloro SA is rated
second in jensen alpha category among its peers. It is currently under evaluation in sortino ratio category among its peers .
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.
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