Agilent Technologies Jensen Alpha

A -- USA Stock  

USD 76.40  0.75  0.97%

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Agilent Technologies has current Jensen Alpha of 0.1009. 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]) 
 = 
0.1009
ER[a] =   Expected return on investing in Agilent Technologies
ER[b] =   Expected return on market index or selected benchmark
BETA =   Beta coefficient between Agilent Technologies and the market
RFR =   Risk Free Rate of return. Typically T-Bill Rate

Jensen Alpha Comparison

Agilent Technologies is rated fifth in jensen alpha category among related companies. It is rated below average in maximum drawdown category among related companies reporting about  90.70  of Maximum Drawdown per Jensen Alpha. The ratio of Maximum Drawdown to Jensen Alpha for Agilent Technologies is roughly  90.70 
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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