Chevron Jensen Alpha

Chevron Corporation -- USA Stock  

USD 115.58  0.18  0.16%

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Chevron Corporation has current Jensen Alpha of 0.0496. 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.
Jensen Alpha 
ER[a] - RFR * (1-BETA) 
BETA * ER[b]) 
ER[a] =   Expected return on investing in Chevron
ER[b] =   Expected return on market index or selected benchmark
BETA =   Beta coefficient between Chevron and the market
RFR =   Risk Free Rate of return. Typically T-Bill Rate

Jensen Alpha Comparison

Chevron Corporation is rated third in jensen alpha category among related companies. It is currently under evaluation in maximum drawdown category among related companies reporting about  91.86  of Maximum Drawdown per Jensen Alpha. The ratio of Maximum Drawdown to Jensen Alpha for Chevron Corporation is roughly  91.86 
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 Chevron to competition
Chevron Corporation, through its subsidiaries, engages in integrated energy, chemicals, and petroleum operations worldwide. Chevron Corporation was founded in 1879 and is headquartered in San Ramon, California. Chevron operates under Major Integrated Oil Gas classification in USA and traded on New York Stock Exchange exchange. It employs 51900 people. more
NameChevron Corporation
Chairman and CEOJohn WatsonView All
Thematic Classifications
Analyst Consensus
Piotroski F Score
Macroaxis Advice
Bond Rating
InstrumentUSA Stock View All
RegionNorth America
ExchangeNew York Stock Exchange
CIK Number00093410.0
CurrencyUSD - US Dollar