Polygon Jensen Alpha

MATIC
  

USD 0.94  0.02  2.17%   

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Polygon has current Jensen Alpha of 0.7848. 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]) 
 = 
0.7848
ER[a] = Expected return on investing in Polygon
ER[b] = Expected return on market index or selected benchmark
BETA = Beta coefficient between Polygon and the market
RFR = Risk Free Rate of return. Typically T-Bill Rate

Polygon Jensen Alpha Peers Comparison

Polygon Jensen Alpha Relative To Other Indicators

Polygon cannot be rated in Jensen Alpha category at this point. It cannot be rated in Maximum Drawdown category at this point. reporting about  48.61  of Maximum Drawdown per Jensen Alpha. The ratio of Maximum Drawdown to Jensen Alpha for Polygon is roughly  48.61 
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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