Is the Alpha Calculator Calculator free?

Yes. The Alpha Calculator Calculator on calculpage is completely free with no account required.

Yes. All calculations run entirely in your browser. Nothing you enter is transmitted to any server.

What category does the Alpha Calculator Calculator belong to?

The Alpha Calculator Calculator belongs to the Financial category on calculpage.

Financial

Calculate Jensen's Alpha and Sharpe ratio for a portfolio.

Portfolio Return (%)

Risk-Free Rate (%)

Portfolio Beta

Market Return (%)

CAPM Expected = Rf + β(Rm − Rf). Alpha = Rp − CAPM Expected. Sharpe = (Rp − Rf) / σ.

Mortgage

Loan

Auto Loan

Interest

Payment

Retirement

What does a positive alpha mean?▼

Positive alpha means the portfolio outperformed what CAPM predicts for its risk level — the manager added value beyond market returns.

Is alpha persistent?▼

Research shows alpha is not reliably persistent for most active managers over long periods, especially after fees.

How is Jensen's alpha different from Sharpe?▼

Jensen's alpha adjusts for systematic (market) risk using beta. Sharpe adjusts for total risk using standard deviation.

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