Exxon Jensen Alpha

Exxon Mobil Corporation has current Jensen Alpha of 0.3002. 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]) 
ER[a] =   Expected return on investing in Exxon
ER[b] =   Expected return on market index or selected benchmark
BETA =   Beta coefficient between Exxon and the market
RFR =   Risk Free Rate of return. Typically T-Bill Rate

Jensen Alpha Comparison

Exxon Mobil Corporation is rated below average in jensen alpha category among related companies. It is rated below average in maximum drawdown category among related companies reporting about  17.71  of Maximum Drawdown per Jensen Alpha. The ratio of Maximum Drawdown to Jensen Alpha for Exxon Mobil Corporation is roughly  17.71 
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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Exxon Mobil Corporationration explores for and produces crude oil and natural gas in the United States CanadaSouth America Europe Africa Asia and AustraliaOceania. more
NameExxon Mobil Corporation
InstrumentUSA Stock
RegionNorth America
ExchangeNew York Stock Exchange
CIK Number0000034088
Analyst Consensus
Piotroski F Score
Macroaxis Advice
Bond Rating
CurrencyUSD - US Dollar