Ningbo Kbe Total Risk Alpha
| 300863 Stock | | | 59.81 0.83 1.41% |
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Ningbo Kbe Electrical has current Total Risk Alpha of 0.033. 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] |
| = | 0.033 | |
| ER[a] | = | Expected return on investing in Ningbo Kbe |
| ER[b] | = | Expected return on market index or selected benchmark |
| STD[a] | = | Standard Deviation of returns on Ningbo Kbe |
| STD[b] | = | Standard Deviation of selected market or benchmark |
| RFR | = | Risk Free Rate of return. Typically T-Bill Rate |
Ningbo Kbe Total Risk Alpha Peers Comparison
Ningbo Total Risk Alpha Relative To Other Indicators
Ningbo Kbe Electrical is rated
third in total risk alpha category among its peers. It is currently under evaluation in maximum drawdown category among its peers reporting about
471.02 of Maximum Drawdown per Total Risk Alpha. The ratio of Maximum Drawdown to Total Risk Alpha for Ningbo Kbe Electrical is roughly
471.02 The benchmark portfolio represents the market risk matched to the total risk of the stock ETF or fund.
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