I3 Verticals Jensen Alpha
| IIIV Stock | | | USD 28.92 0.23 0.80% |
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i3 Verticals has current Jensen Alpha of 0.0519. 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]) |
| = | 0.0519 | |
| ER[a] | = | Expected return on investing in I3 Verticals |
| ER[b] | = | Expected return on market index or selected benchmark |
| BETA | = | Beta coefficient between I3 Verticals and the market |
| RFR | = | Risk Free Rate of return. Typically T-Bill Rate |
I3 Verticals Jensen Alpha Peers Comparison
IIIV Jensen Alpha Relative To Other Indicators
i3 Verticals is rated
third overall in jensen alpha category among its peers. It is currently under evaluation in maximum drawdown category among its peers reporting about
268.76 of Maximum Drawdown per Jensen Alpha. The ratio of Maximum Drawdown to Jensen Alpha for i3 Verticals is roughly
268.76 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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