Ringkjoebing Landbobank Jensen Alpha

RILBA Stock  DKK 1,166  11.00  0.93%   
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Ringkjoebing Landbobank AS has current Jensen Alpha of 0.3048. 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])

 = 
0.3048
ER[a] = Expected return on investing in Ringkjoebing Landbobank
ER[b] = Expected return on market index or selected benchmark
BETA = Beta coefficient between Ringkjoebing Landbobank and the market
RFR = Risk Free Rate of return. Typically T-Bill Rate

Ringkjoebing Landbobank Jensen Alpha Peers Comparison

Ringkjoebing Jensen Alpha Relative To Other Indicators

Ringkjoebing Landbobank AS is rated second in jensen alpha category among related companies. It is currently under evaluation in maximum drawdown category among related companies reporting about  17.53  of Maximum Drawdown per Jensen Alpha. The ratio of Maximum Drawdown to Jensen Alpha for Ringkjoebing Landbobank AS is roughly  17.53 
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 Ringkjoebing Landbobank to Peers

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