Sidea Semiconductor Total Risk Alpha
| 301629 Stock | | | 342.80 11.24 3.39% |
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Sidea Semiconductor Equipment has current Total Risk Alpha of 0.7916. 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] |
| = | 0.7916 | |
| ER[a] | = | Expected return on investing in Sidea Semiconductor |
| ER[b] | = | Expected return on market index or selected benchmark |
| STD[a] | = | Standard Deviation of returns on Sidea Semiconductor |
| STD[b] | = | Standard Deviation of selected market or benchmark |
| RFR | = | Risk Free Rate of return. Typically T-Bill Rate |
Sidea Semiconductor Total Risk Alpha Peers Comparison
Sidea Total Risk Alpha Relative To Other Indicators
Sidea Semiconductor Equipment is number one stock in total risk alpha category among its peers. It is currently under evaluation in maximum drawdown category among its peers reporting about
27.44 of Maximum Drawdown per Total Risk Alpha. The ratio of Maximum Drawdown to Total Risk Alpha for Sidea Semiconductor Equipment is roughly
27.44 The benchmark portfolio represents the market risk matched to the total risk of the stock ETF or fund.
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