HORIBA Total Risk Alpha
| 01H Stock | | | EUR 99.50 0.50 0.51% |
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HORIBA has current Total Risk Alpha of 0.2006. 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] |
| = | 0.2006 | |
| ER[a] | = | Expected return on investing in HORIBA |
| ER[b] | = | Expected return on market index or selected benchmark |
| STD[a] | = | Standard Deviation of returns on HORIBA |
| STD[b] | = | Standard Deviation of selected market or benchmark |
| RFR | = | Risk Free Rate of return. Typically T-Bill Rate |
HORIBA Total Risk Alpha Peers Comparison
HORIBA Total Risk Alpha Relative To Other Indicators
HORIBA is rated
second in total risk alpha category among its peers. It is currently under evaluation in maximum drawdown category among its peers reporting about
86.48 of Maximum Drawdown per Total Risk Alpha. The ratio of Maximum Drawdown to Total Risk Alpha for HORIBA is roughly
86.48 The benchmark portfolio represents the market risk matched to the total risk of the stock ETF or fund.
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