AgriFORCE Growing Jensen Alpha
| AGRI Stock | | | USD 4.09 0.64 13.53% |
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AgriFORCE Growing Systems has current Jensen Alpha of
(1.95). 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]) |
| = | (1.95) | |
| ER[a] | = | Expected return on investing in AgriFORCE Growing |
| ER[b] | = | Expected return on market index or selected benchmark |
| BETA | = | Beta coefficient between AgriFORCE Growing and the market |
| RFR | = | Risk Free Rate of return. Typically T-Bill Rate |
AgriFORCE Growing Jensen Alpha Peers Comparison
AgriFORCE Jensen Alpha Relative To Other Indicators
AgriFORCE Growing Systems is rated
below average in jensen alpha category among its peers. It is currently under evaluation in maximum drawdown 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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