NEXT FUNDS total-risk-alpha technical analysis lookup allows you to check this and other technical indicators for NEXT FUNDS 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 Equity Screeners to view more equity screening tools
NEXT
NEXT FUNDS has current Total Risk Alpha of 0.1113. 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]
=
0.1113
ER[a]
=
Expected return on investing in NEXT FUNDS
ER[b]
=
Expected return on market index or selected benchmark
NEXT Total Risk Alpha Relative To Other Indicators
NEXT FUNDS is fourth largest ETF in total risk alpha as compared to similar ETFs. It is currently under evaluation in maximum drawdown as compared to similar ETFs reporting about 63.17 of Maximum Drawdown per Total Risk Alpha. The ratio of Maximum Drawdown to Total Risk Alpha for NEXT FUNDS is roughly 63.17
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