American Airlines Jensen Alpha

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American Airlines Group Inc has current Jensen Alpha of 0.1974. 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 free rate.
American Airlines 
Jensen Alpha 
 = 
ER[a] - RFR * (1-BETA) 
BETA * ER[b]) 
 = 
0.1974
ER[a] =   Expected return on investing in American Airlines
ER[b] =   Expected return on market index or selected benchmark
BETA =   Beta coefficient between American Airlines and the market
RFR =   Risk Free Rate of return. Typically T-Bill Rate

Jensen Alpha Comparison

American Airlines Group Inc is rated fourth in jensen alpha category among related companies. It is rated third in maximum drawdown category among related companies reporting about  26.30  of Maximum Drawdown per Jensen Alpha. The ratio of Maximum Drawdown to Jensen Alpha for American Airlines Group Inc is roughly  26.30 
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 American Airlines to competition
American Airlines Group Inc., through its subsidiaries, operates in the airline industry. more
NameAmerican Airlines Group Inc
InstrumentUSA Stock
RegionNorth America
ExchangeNASDAQ
CIK Number00006201.0
ISINUS02376R1023
CUSIP02376R102,001765106
Analyst Consensus
Piotroski F Score
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