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α Online Jensen Alpha Calculator for Portfolio for Stocks, Etfs & Crypto

Data updated 2023-Sep-22 (Friday)
 


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Specify Stock/ETF/Cryptos & quantities to instantly view Jensen's Alpha for portfolio using recent financial data. Jensen's Alpha measures outperformance (excess risk-adjusted return) above market return using recent historical performance (upto 1-year). Aiolux automatically calculates Jensen Alpha for your portfolio over different time horizons so that you dont have to do the tedious calculations

Provided As-is for informational/educational purposes only and should not be construed as investment advice . Past performance may not be not indicative of future results. Always consult your Investment Adviser before any decision

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Portfolio
  Symbol Units Name Holding Allocation
SPDR S&P 500 ETF $43,042.00 36.54%
Bitcoin USD $39,806.31 33.79%
Apple Inc. $34,958.00 29.67%
Alter stock/etf symbol & quantity above as desired. Use AutoComplete functionality to ensure correct ticker symbol used for which data is available

Results Below
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  Jensen Alpha
Portfolio $117,806.31 As of 2023-Sep-22 Friday
α 1m-Alpha +0.43% α 3m-Alpha -5.96%
α 6m-Alpha -6.62% α 1y-Alpha +0.91%

Quick Interpretation

1-month alpha of +0.4% shows that Portolio generated some excess returns adjusting for beta (volatility) & risk free rate . S&P 500 (market benchmark) returned -1.5% in the 1-month period as compared to the portfolio which returned -0.8% . Calculation used a Portfolio Beta of 0.84
3-month alpha of -6.0% shows that Portolio generated no excess returns adjusting for beta (volatility) & risk free rate . S&P 500 (market benchmark) returned -1.4% in the 3-month period as compared to the portfolio which returned -6.9% . Calculation used a Portfolio Beta of 0.82
6-month alpha of -6.6% shows that Portolio generated no excess returns adjusting for beta (volatility) & risk free rate . S&P 500 (market benchmark) returned +9.7% in the 6-month period as compared to the portfolio which returned +1.0% . Calculation used a Portfolio Beta of 0.73
1-year alpha of +0.9% shows that Portolio generated some excess returns adjusting for beta (volatility) & risk free rate . S&P 500 (market benchmark) returned +17.0% in the 1-year period as compared to the portfolio which returned +18.0% . Calculation used a Portfolio Beta of 1.01

Interpretation for Portfolio Alpha is a starting-point and does NOT account for important factors such as the amount of cash held etc. Red represents no excess alpha in gauges; Yellow represents significant excess alpha & Green represents huge excess alpha

Related Resources for Portfolio
  : Benchmark Portfolio performance & Drawdown analysis
  : Absolute/Benchmarked performance through calendar months
  : Evaluate Risk-Reward tradeoff with Sharpe & Sortino ratios
  : Quantify portfolio outperformance with Jensen's Alpha Currently Viewing
  : Analyze portfolio volatility with Portfolio Beta
  : Correlations between Portfolio constituents & find other uncorrelated/negatively correlated assets
  : Historical distribution of daily Portfolio drawdowns
  : Dollar Cost Averaging (DCA) individual stocks in your portfolio
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Ask brAIn  Experimental
  •  Hi! Ask me something. Use "$" to identify stock / etf / crypto symbols (e.g. $aapl for Apple Inc.) OR use special shortcuts (e.g. $btc for Bitcoin or $tech for Technology sector ETF). Click on below for examples of queries, list of special shortcuts & more