A risk manager is evaluating a portfolio of equities with an annual volatility of 12.1% per year that is benchmarked to the Straits Times Index. If the risk-free rate is 2.5% per year, based on the regression results given in the chart below, what is the Jensen's alpha of the portfolio?

[Image blocked: Regression Chart]

The chart shows:

• X-axis: Excess Return on Market (%)

• Y-axis: Excess Return on Portfolio (%)

• Regression line: y = 0.4936x + 3.7069

• R² = 0.5387