Netflix Jensen Alpha

NFLX Stock  USD 607.33  6.20  1.01%   
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Netflix has current Jensen Alpha of 0.2372. 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])

 = 
0.2372
ER[a] = Expected return on investing in Netflix
ER[b] = Expected return on market index or selected benchmark
BETA = Beta coefficient between Netflix and the market
RFR = Risk Free Rate of return. Typically T-Bill Rate

Netflix Jensen Alpha Peers Comparison

Netflix Jensen Alpha Relative To Other Indicators

Netflix is regarded fourth in jensen alpha category among related companies. It is rated below average in maximum drawdown category among related companies reporting about  56.99  of Maximum Drawdown per Jensen Alpha. The ratio of Maximum Drawdown to Jensen Alpha for Netflix is roughly  56.99 
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 Netflix to Peers

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