MFS Diversified Jensen Alpha

DIFFX -- USA Fund  

USD 13.07  0.01  0.08%

MFS Diversified jensen-alpha technical analysis lookup allows you to check this and other technical indicators for MFS Diversified Income Fund Cla 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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MFS Diversified Income Fund Cla has current Jensen Alpha of 0.016. 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]) 
 = 
0.016
ER[a] =   Expected return on investing in MFS Diversified
ER[b] =   Expected return on market index or selected benchmark
BETA =   Beta coefficient between MFS Diversified and the market
RFR =   Risk Free Rate of return. Typically T-Bill Rate

Jensen Alpha Comparison

MFS Diversified Income Fund Cla is one of the top funds in jensen alpha among similar funds. It is currently under evaluation in maximum drawdown among similar funds reporting about  66.92  of Maximum Drawdown per Jensen Alpha. The ratio of Maximum Drawdown to Jensen Alpha for MFS Diversified Income Fund Cla is roughly  66.93 
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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