SPDR Portfolio Jensen Alpha

SP
SPIB -- USA Etf  

USD 36.05  0.03  0.08%

SPDR Portfolio jensen-alpha technical analysis lookup allows you to check this and other technical indicators for SPDR Portfolio Intermediate 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

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SPDR Portfolio Intermediate has current Jensen Alpha of 0.0055. 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]) 
 = 
0.0055
ER[a] =   Expected return on investing in SPDR Portfolio
ER[b] =   Expected return on market index or selected benchmark
BETA =   Beta coefficient between SPDR Portfolio and the market
RFR =   Risk Free Rate of return. Typically T-Bill Rate

Jensen Alpha Comparison

SPDR Portfolio Intermediate is rated below average in jensen alpha as compared to similar ETFs. It is rated below average in maximum drawdown as compared to similar ETFs reporting about  1,414  of Maximum Drawdown per Jensen Alpha. The ratio of Maximum Drawdown to Jensen Alpha for SPDR Portfolio Intermediate is roughly  1,414 
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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