Statements (23)
| Predicate | Object |
|---|---|
| gptkbp:instanceOf |
financial metric
|
| gptkbp:alsoKnownAs |
gptkb:Jensen's_alpha
|
| gptkbp:category |
performance measure
|
| gptkbp:component |
beta (β_i)
market return (R_m) portfolio return (R_i) risk-free rate (R_f) |
| gptkbp:developedBy |
gptkb:Michael_C._Jensen
|
| gptkbp:field |
finance
investment analysis |
| gptkbp:form |
α = R_i - [R_f + β_i (R_m - R_f)]
|
| gptkbp:hasUnit |
percentage
|
| https://www.w3.org/2000/01/rdf-schema#label |
Jensen's measure
|
| gptkbp:introducedIn |
1968
|
| gptkbp:measures |
risk-adjusted performance
|
| gptkbp:negativeAlphaIndicates |
underperformance relative to market
|
| gptkbp:positiveAlphaIndicates |
outperformance relative to market
|
| gptkbp:relatedTo |
gptkb:Sharpe_ratio
gptkb:CAPM gptkb:Treynor_ratio |
| gptkbp:usedFor |
evaluating portfolio manager performance
|
| gptkbp:bfsParent |
gptkb:Jensen's_alpha
|
| gptkbp:bfsLayer |
8
|