Statements (29)
| Predicate | Object |
|---|---|
| gptkbp:instanceOf |
financial metric
|
| gptkbp:alsoKnownAs |
gptkb:Jensen's_measure
|
| gptkbp:appliesTo |
mutual funds
hedge funds investment portfolios |
| gptkbp:basedOn |
gptkb:Capital_Asset_Pricing_Model
|
| gptkbp:category |
performance measure
|
| gptkbp:field |
finance
investment analysis |
| gptkbp:form |
α = Rp - [Rf + βp(Rm - Rf)]
|
| https://www.w3.org/2000/01/rdf-schema#label |
Jensen's alpha
|
| gptkbp:introducedIn |
1968
|
| gptkbp:measures |
risk-adjusted return
|
| gptkbp:namedAfter |
gptkb:Michael_Jensen
|
| gptkbp:negativeAlphaIndicates |
underperformance
|
| gptkbp:positiveAlphaIndicates |
outperformance
|
| gptkbp:publishedIn |
gptkb:Journal_of_Finance
|
| gptkbp:relatedTo |
gptkb:Sharpe_ratio
gptkb:Treynor_ratio |
| gptkbp:RFC |
risk-free rate
|
| gptkbp:Rm |
market return
|
| gptkbp:Rp |
portfolio return
|
| gptkbp:usedIn |
portfolio performance evaluation
|
| gptkbp:βp |
portfolio beta
|
| gptkbp:bfsParent |
gptkb:Michael_C._Jensen
gptkb:Michael_Jensen gptkb:Arthur_Jensen gptkb:Treynor_ratio |
| gptkbp:bfsLayer |
7
|