Morningstar Unconstrained Jensen Alpha

MSTSX Fund  USD 11.29  0.05  0.44%   
Morningstar Unconstrained jensen-alpha technical analysis lookup allows you to check this and other technical indicators for Morningstar Unconstrained Allocation 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
Morningstar Unconstrained Allocation has current Jensen Alpha of 0.0313. 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])

ER[a] = Expected return on investing in Morningstar Unconstrained
ER[b] = Expected return on market index or selected benchmark
BETA = Beta coefficient between Morningstar Unconstrained and the market
RFR = Risk Free Rate of return. Typically T-Bill Rate

Morningstar Unconstrained Jensen Alpha Peers Comparison

Morningstar Jensen Alpha Relative To Other Indicators

Morningstar Unconstrained Allocation is regarded second largest fund in jensen alpha among similar funds. It is currently under evaluation in maximum drawdown among similar funds reporting about  88.98  of Maximum Drawdown per Jensen Alpha. The ratio of Maximum Drawdown to Jensen Alpha for Morningstar Unconstrained Allocation is roughly  88.98 
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.
Compare Morningstar Unconstrained to Peers

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