| 002803 Stock | | | 15.21 0.34 2.19% |
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Xiamen Jihong Package has current Total Risk Alpha of 0.2186. 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] |
| = | 0.2186 | |
| ER[a] | = | Expected return on investing in Xiamen Jihong |
| ER[b] | = | Expected return on market index or selected benchmark |
| STD[a] | = | Standard Deviation of returns on Xiamen Jihong |
| STD[b] | = | Standard Deviation of selected market or benchmark |
| RFR | = | Risk Free Rate of return. Typically T-Bill Rate |
Xiamen Jihong Total Risk Alpha Peers Comparison
Xiamen Total Risk Alpha Relative To Other Indicators
Xiamen Jihong Package is number one stock in total risk alpha category among its peers. It is currently under evaluation in maximum drawdown category among its peers reporting about
91.64 of Maximum Drawdown per Total Risk Alpha. The ratio of Maximum Drawdown to Total Risk Alpha for Xiamen Jihong Package is roughly
91.64 The benchmark portfolio represents the market risk matched to the total risk of the stock ETF or fund.
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