| HEDG Crypto | | | USD 0.04 0.0001 0.25% |
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HEDG has current Jensen Alpha of 0.1957. 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]) |
| = | 0.1957 | |
| ER[a] | = | Expected return on investing in HEDG |
| ER[b] | = | Expected return on market index or selected benchmark |
| BETA | = | Beta coefficient between HEDG and the market |
| RFR | = | Risk Free Rate of return. Typically T-Bill Rate |
HEDG Jensen Alpha Peers Comparison
HEDG Jensen Alpha Relative To Other Indicators
HEDG cannot be rated in Jensen Alpha category at this point. It cannot be rated in Maximum Drawdown category at this point. reporting about
101.25 of Maximum Drawdown per Jensen Alpha. The ratio of Maximum Drawdown to Jensen Alpha for HEDG is roughly
101.25 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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