Ching Chan Total Risk Alpha
| 2070 Stock | | | TWD 44.70 2.10 4.49% |
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Ching Chan Optical has current Total Risk Alpha of
(0.05). 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] |
| = | (0.05) | |
| ER[a] | = | Expected return on investing in Ching Chan |
| ER[b] | = | Expected return on market index or selected benchmark |
| STD[a] | = | Standard Deviation of returns on Ching Chan |
| STD[b] | = | Standard Deviation of selected market or benchmark |
| RFR | = | Risk Free Rate of return. Typically T-Bill Rate |
Ching Chan Total Risk Alpha Peers Comparison
Ching Total Risk Alpha Relative To Other Indicators
Ching Chan Optical is rated
second 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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