Themes Generative Jensen Alpha
| WISE ETF | | | 38.87 -0.08 -0.21% |
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 Themes Generative's current Jensen Alpha with peer comparisons and related risk metrics.
Current Jensen Alpha Value
Themes Generative carries a Jensen Alpha of 0.0852, consistent with positive alpha — return above what market exposure alone would predict. Themes Generative has generated modest excess return beyond what its systematic risk exposure explains.
Jensen Alpha | = | ER[a] - RFR * (1-BETA) | - | BETA * ER[b]) |
| = | 0.0852 | |
| ER[a] | = | Expected return on investing in Themes Generative |
| ER[b] | = | Expected return on market index or selected benchmark |
| BETA | = | Beta coefficient between Themes Generative and the market |
| RFR | = | Risk Free Rate of return. Typically T-Bill Rate |
Jensen Alpha Peers Comparison
The peer group averages 0.02 for Jensen Alpha, with Themes Generative at 0.0852 falling above that level. Readings span -0.0954 (Invesco MSCI Global) to 0.1585 (Hartford Multifactor Emerging). Themes Generative 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 Themes Generative 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.
With Jensen Alpha at
0.09 and Maximum Drawdown at
10.69 , Themes Generative shows a
125.44 -to-one ratio between these indicators. This indicates Maximum Drawdown substantially exceeds Jensen Alpha for Themes Generative.
Methodology, Assumptions & Data Sources
The current Jensen Alpha for Themes Generative is 0.0852. This Jensen Alpha reading for Themes Generative results from applying the indicator's calculation rules to price and volume data over the selected window. The underlying data comes from exchange-reported daily closes with corporate action adjustments applied where relevant. Indicator accuracy depends on data continuity across the calculation period. Gaps in trading history may affect the output.
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