| 000756 Stock | | | 16.07 0.06 0.37% |
Shandong Xinhua total-risk-alpha technical analysis lookup allows you to check this and other technical indicators for Shandong Xinhua Pharmaceutical or any other equities. You can select from a set of available technical indicators by clicking on the link to the right. Please note, not all equities are covered by this module due to inconsistencies in global equity categorizations and data normalization technicques. Please check also
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Shandong Xinhua Pharmaceutical has current Total Risk Alpha of
(0.24). The total risk alpha measures the performance of an asset by comparing its returns with those of a selected benchmark portfolio.
Total Risk Alpha | = | RFR + (ER[b] - ER[a]) | x | STD[a] / STD[b] |
| = | (0.24) | |
| ER[a] | = | Expected return on investing in Shandong Xinhua |
| ER[b] | = | Expected return on market index or selected benchmark |
| STD[a] | = | Standard Deviation of returns on Shandong Xinhua |
| STD[b] | = | Standard Deviation of selected market or benchmark |
| RFR | = | Risk Free Rate of return. Typically T-Bill Rate |
Shandong Xinhua Total Risk Alpha Peers Comparison
Shandong Total Risk Alpha Relative To Other Indicators
Shandong Xinhua Pharmaceutical is rated
below average in total risk alpha category among its peers. It is currently under evaluation in maximum drawdown category among its peers .
The benchmark portfolio represents the market risk matched to the total risk of the stock ETF or fund.
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