Apple Jensen Alpha

Apple Inc has current Jensen Alpha of 0.5309. 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.
Apple 
Jensen Alpha 
 = 
ER[a] - RFR * (1-BETA) 
BETA * ER[b]) 
 = 
0.5309
ER[a] =   Expected return on investing in Apple
ER[b] =   Expected return on market index or selected benchmark
BETA =   Beta coefficient between Apple and the market
RFR =   Risk Free Rate of return. Typically T-Bill Rate

Jensen Alpha Comparison

Apple Inc is rated third in jensen alpha category among related companies. It is rated third in maximum drawdown category among related companies reporting about  11.98  of Maximum Drawdown per Jensen Alpha. The ratio of Maximum Drawdown to Jensen Alpha for Apple Inc is roughly  11.98 
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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Apple Inc. designs, manufactures, and markets mobile communication and media devices, personal computers, and portable digital music players to consumers, small and midsized businesses, and education, enterprise, and government customers worldwide. more
NameApple Inc
InstrumentUSA Stock
RegionNorth America
ExchangeNASDAQ
CIK Number0000320193
ISINUS0378331005
CUSIP037833100,378331003
Analyst Consensus
Piotroski F Score
Macroaxis Advice
Bond Rating