If I am performing regression analysis with fund premium as dependent variable (y) and independent variable is market risk premium as S & P 500 (X). The p-value in ANOVA table from excel is lower than significance level of 5% for Jensen's alpha. This would indicate an insignificant model. Does insignificant mean that there is no relationship between x (market risk premium S&P 500) and Y (fund premium) so I cannot confirm whether this fund scored positive or negative Jensen's alpha. However, the P-Value for beta is significant so what does that indicate?