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- 09:57, 17 August 2026 WikiSysopIG talk contribs created page Jensen's alpha (Created page with "'''Jensen's alpha''' is a risk-adjusted return measure that evaluates the performance of an investment or portfolio relative to the return predicted by the Capital asset pricing model (CAPM). It measures the excess or shortfall of an investment's actual return relative to its CAPM-implied expected return, given its level of systematic risk. ==Calculation== Jensen's alpha is commonly calculated as: <math> \alpha_p = R_p - \left[ R_f + \...")