Alcoa Jensen Alpha

    Alcoa Corporation -- USA Stock  

    USD 47.75  0.18  0.38%

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    Alcoa Corporation has current Jensen Alpha of 0.2225. 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 free rate.
    Alcoa 
    Jensen Alpha 
     = 
    ER[a] - RFR * (1-BETA) 
    BETA * ER[b]) 
     = 
    0.2225
    ER[a] =   Expected return on investing in Alcoa
    ER[b] =   Expected return on market index or selected benchmark
    BETA =   Beta coefficient between Alcoa and the market
    RFR =   Risk Free Rate of return. Typically T-Bill Rate

    Jensen Alpha Comparison

    Alcoa Corporation is rated fifth in jensen alpha category among related companies. It is rated fourth in maximum drawdown category among related companies reporting about  21.46  of Maximum Drawdown per Jensen Alpha. The ratio of Maximum Drawdown to Jensen Alpha for Alcoa Corporation is roughly  21.46 
    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.
    Compare Alcoa to competition
    Alcoa Corporationration engages in mining and production of bauxite, alumina, and aluminum products. more
    NameAlcoa Corporation
    Analyst Consensus
    Piotroski F Score
    Macroaxis Advice
    Bond Rating
    InstrumentUSA Stock Stocks Directory
    RegionNorth America
    ExchangeNew York Stock Exchange
    CIK Number01675149.0
    ISINUS0138721065
    CUSIP013872106
    New SymbolARNC
    CurrencyUSD - US Dollar