Altaba Jensen Alpha

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    Altaba Inc has current Jensen Alpha of 0.0. 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.
    Altaba 
    Jensen Alpha 
     = 
    ER[a] - RFR * (1-BETA) 
    BETA * ER[b]) 
     = 
    0.0
    ER[a] =   Expected return on investing in Altaba
    ER[b] =   Expected return on market index or selected benchmark
    BETA =   Beta coefficient between Altaba and the market
    RFR =   Risk Free Rate of return. Typically T-Bill Rate

    Jensen Alpha Comparison

    Altaba Inc is rated fifth in jensen alpha category among related companies. It is rated below average in maximum drawdown category among related companies .
    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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    NameAltaba Inc
    Analyst Consensus
    Macroaxis Advice
    InstrumentUSA Stock Stocks Directory
    ExchangeNASDAQ
    New SymbolAABA
    CurrencyUSD - US Dollar