α Jensen's Alpha Calculator
Risk-adjusted excess performance
How to Use This Calculator
1
Enter Returns
Portfolio, risk-free, and benchmark returns.
2
Enter Beta
Portfolio beta vs benchmark.
Formula
α = R_p − [R_f + β(R_m − R_f)]
Frequently Asked Questions
What does alpha mean?
Performance above what CAPM predicts, given market risk.
Annualized?
Use consistent periodicity across all inputs.