Income Fund Jensen Alpha

AMEFX -  USA Fund  

USD 25.89  0.12  0.46%

Income Fund jensen-alpha technical analysis lookup allows you to check this and other technical indicators for The Income Fund or any other equities. You can select from a set of available technical indicators by clicking on the link to the right. Please note, not all equities are covered by this module due to inconsistencies in global equity categorizations and data normalization technicques. Please check also Equity Screeners to view more equity screening tools

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The Income Fund has current Jensen Alpha of 0.0276. 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-freerate.
Jensen Alpha 
 = 
ER[a] - RFR * (1-BETA) 
BETA * ER[b]) 
 = 
0.0276
ER[a] = Expected return on investing in Income Fund
ER[b] = Expected return on market index or selected benchmark
BETA = Beta coefficient between Income Fund and the market
RFR = Risk Free Rate of return. Typically T-Bill Rate

Income Fund Jensen Alpha Peers Comparison

Income Jensen Alpha Relative To Other Indicators

The Income Fund is rated below average in jensen alpha among similar funds. It is rated below average in maximum drawdown among similar funds reporting about  89.24  of Maximum Drawdown per Jensen Alpha. The ratio of Maximum Drawdown to Jensen Alpha for The Income Fund is roughly  89.24 
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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