Best Buy Jensen Alpha

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Best Buy Co Inc has current Jensen Alpha of 0.4716. 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.
Best Buy 
Jensen Alpha 
 = 
ER[a] - RFR * (1-BETA) 
BETA * ER[b]) 
 = 
0.4716
ER[a] =   Expected return on investing in Best Buy
ER[b] =   Expected return on market index or selected benchmark
BETA =   Beta coefficient between Best Buy and the market
RFR =   Risk Free Rate of return. Typically T-Bill Rate

Jensen Alpha Comparison

Best Buy Co Inc is number one stock in jensen alpha category among related companies. It is currently under evaluation in maximum drawdown category among related companies reporting about  6.60  of Maximum Drawdown per Jensen Alpha. The ratio of Maximum Drawdown to Jensen Alpha for Best Buy Co Inc is roughly  6.60 
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 Best Buy to competition
Best Buy Co., Inc. operates as a retailer of technology products, services, and solutions in the United States, Canada, and Mexico. more
NameBest Buy Co Inc
InstrumentUSA Stock
RegionNorth America
ExchangeNew York Stock Exchange
CIK Number00764478.0
ISINUS0865161014
CUSIP086516101
Analyst Consensus
Piotroski F Score
Macroaxis Advice
Bond Rating
CurrencyUSD - US Dollar