Whale Performance vs Market Benchmark
Risk-adjusted returns: Alpha vs Beta analysis with quadrant categorization
Alpha vs Beta Scatterplot
Bubble size = Total P&L • Color = Sharpe ratio (green = high, red = low) • Click to see details
Understanding Alpha & Beta
What is Alpha?
Alpha measures excess returns above the market. Positive alpha indicates outperformance through skill, research, or timing. Negative alpha suggests underperformance.
What is Beta?
Beta measures market sensitivity. Beta = 1 means moves with the market. Beta > 1 amplifies market movements. Beta < 1 dampens market movements.
The Four Quadrants
- • Top-Left (Skill-Based): High alpha, low beta - true outperformers with lower risk
- • Top-Right (Aggressive): High alpha, high beta - outperformers who amplify market gains
- • Bottom-Left (Low Risk): Low alpha, low beta - underperformers with lower volatility
- • Bottom-Right (Amplified Loss): Low alpha, high beta - worst category, amplifying market losses
Note: Alpha and beta calculations are approximations based on available P&L data. For precise risk-adjusted metrics, contact the fund directly or consult their prospectus.
Disclaimer
Data sourced from NZX disclosures. Our datasets may not be complete and we are continuously updating and adding more data to the platform.
This analysis is provided for informational and educational purposes only. Nothing on this page constitutes financial, investment, legal, or tax advice. Past performance does not guarantee future results. Always conduct your own research and consult with qualified professionals before making any investment decisions.