Aerojet Rocketdyne Jensen Alpha

AJRD
 Stock
  

USD 40.79  0.28  0.68%   

Aerojet Rocketdyne jensen-alpha technical analysis lookup allows you to check this and other technical indicators for Aerojet Rocketdyne Holdings 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
  
Aerojet Rocketdyne Holdings has current Jensen Alpha of 0.0624. 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]) 
 = 
0.0624
ER[a] = Expected return on investing in Aerojet Rocketdyne
ER[b] = Expected return on market index or selected benchmark
BETA = Beta coefficient between Aerojet Rocketdyne and the market
RFR = Risk Free Rate of return. Typically T-Bill Rate

Aerojet Rocketdyne Jensen Alpha Peers Comparison

Aerojet Jensen Alpha Relative To Other Indicators

Aerojet Rocketdyne Holdings is rated fourth in jensen alpha category among related companies. It is currently under evaluation in maximum drawdown category among related companies reporting about  174.70  of Maximum Drawdown per Jensen Alpha. The ratio of Maximum Drawdown to Jensen Alpha for Aerojet Rocketdyne Holdings is roughly  174.70 
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 Aerojet Rocketdyne to Peers

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