Innovation Shares Jensen Alpha

EKAR -- USA Etf  

USD 22.05  0.02  0.09%

Innovation Shares jensen-alpha technical analysis lookup allows you to check this and other technical indicators for Innovation Shares NextGen Vehic 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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Innovation Shares NextGen Vehic has current Jensen Alpha of 0.1753. 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]) 
 = 
0.1753
ER[a] =   Expected return on investing in Innovation Shares
ER[b] =   Expected return on market index or selected benchmark
BETA =   Beta coefficient between Innovation Shares and the market
RFR =   Risk Free Rate of return. Typically T-Bill Rate

Jensen Alpha Comparison

Innovation Shares NextGen Vehic is one of the top ETFs in jensen alpha as compared to similar ETFs. It is currently under evaluation in maximum drawdown as compared to similar ETFs reporting about  16.81  of Maximum Drawdown per Jensen Alpha. The ratio of Maximum Drawdown to Jensen Alpha for Innovation Shares NextGen Vehic is roughly  16.81 
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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