Mid-America Apartment Jensen Alpha
| MAA-PI Preferred Stock | | | USD 55.71 1.20 2.20% |
Mid-America Apartment jensen-alpha technical analysis lookup allows you to check this and other technical indicators for Mid America Apartment Communities or any other equities. You can select from a set of available technical indicators by clicking on the link to the right. Please note, not all equities are covered by this module due to inconsistencies in global equity categorizations and data normalization technicques. Please check also
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Mid America Apartment Communities has current Jensen Alpha of 0.0357. 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]) |
| = | 0.0357 | |
| ER[a] | = | Expected return on investing in Mid-America Apartment |
| ER[b] | = | Expected return on market index or selected benchmark |
| BETA | = | Beta coefficient between Mid-America Apartment and the market |
| RFR | = | Risk Free Rate of return. Typically T-Bill Rate |
Mid-America Apartment Jensen Alpha Peers Comparison
Mid-America Jensen Alpha Relative To Other Indicators
Mid America Apartment Communities is regarded
second in jensen alpha category among its peers. It is currently under evaluation in maximum drawdown category among its peers reporting about
204.41 of Maximum Drawdown per Jensen Alpha. The ratio of Maximum Drawdown to Jensen Alpha for Mid America Apartment Communities is roughly
204.41 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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