Bharat Immunologicals Jensen Alpha

Bharat Immunologicals Biologicals Corp Ltd -- India Stock  

INR 22.20  0.95  4.47%

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Bharat Immunologicals Biologicals Corp Ltd has current Jensen Alpha of 0.0353. 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.
Bharat Immunologicals 
Jensen Alpha 
 = 
ER[a] - RFR * (1-BETA) 
BETA * ER[b]) 
 = 
0.0353
ER[a] =   Expected return on investing in Bharat Immunologicals
ER[b] =   Expected return on market index or selected benchmark
BETA =   Beta coefficient between Bharat Immunologicals and the market
RFR =   Risk Free Rate of return. Typically T-Bill Rate

Jensen Alpha Comparison

Bharat Immunologicals Biologicals Corp Ltd is rated fourth in jensen alpha category among related companies. It is currently under evaluation in maximum drawdown category among related companies reporting about  253.97  of Maximum Drawdown per Jensen Alpha. The ratio of Maximum Drawdown to Jensen Alpha for Bharat Immunologicals Biologicals Corp Ltd is roughly  253.97 
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 Bharat Immunologicals to competition
Bharat Immunologicals Biologicals Corporation Limited, a biotechnology company, manufactures and markets a range of pharmaceuticals solutions in India. more
NameBharat Immunologicals Biologicals Corp Ltd
Macroaxis Advice
InstrumentIndia Stock Stocks Directory
ExchangeBombay Stock Exchange
CurrencyINR