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Jensens Alpha Calculator

Investing & Markets

Calculate Jensens Alpha to see how much a portfolio outperformed or underperformed its CAPM-predicted return.

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$0.01$1,000,000,000,000.00
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$0.01$1,000,000,000,000.00
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Jensens Alpha

7.92%

How much the portfolio beat (positive) or missed (negative) its CAPM-predicted return.

Actual Portfolio Return

20.00%

CAPM Expected Return

12.08%

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Odeh Ahwal

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Odeh Ahwal
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Frequently Asked Questions

What does a positive Jensens Alpha mean?

A positive alpha means the portfolio earned more than CAPM predicted for its level of risk, suggesting genuine outperformance rather than just taking on more market risk.

How is Jensens Alpha calculated?

Jensens Alpha = Actual Portfolio Return - CAPM Expected Return, where the CAPM Expected Return is the risk-free rate plus beta times the market risk premium.

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