| 1519 Stock | | | TWD 550.00 7.00 1.29% |
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Fortune Electric Co has current Total Risk Alpha of
(0.78). 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] |
| = | (0.78) | |
| ER[a] | = | Expected return on investing in Fortune Electric |
| ER[b] | = | Expected return on market index or selected benchmark |
| STD[a] | = | Standard Deviation of returns on Fortune Electric |
| STD[b] | = | Standard Deviation of selected market or benchmark |
| RFR | = | Risk Free Rate of return. Typically T-Bill Rate |
Fortune Electric Total Risk Alpha Peers Comparison
Fortune Total Risk Alpha Relative To Other Indicators
Fortune Electric Co 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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