TrueLight Total Risk Alpha
| 3234 Stock | | | TWD 46.00 2.50 5.15% |
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TrueLight has current Total Risk Alpha of 0.2275. 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] |
| = | 0.2275 | |
| ER[a] | = | Expected return on investing in TrueLight |
| ER[b] | = | Expected return on market index or selected benchmark |
| STD[a] | = | Standard Deviation of returns on TrueLight |
| STD[b] | = | Standard Deviation of selected market or benchmark |
| RFR | = | Risk Free Rate of return. Typically T-Bill Rate |
TrueLight Total Risk Alpha Peers Comparison
TrueLight Total Risk Alpha Relative To Other Indicators
TrueLight 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
66.53 of Maximum Drawdown per Total Risk Alpha. The ratio of Maximum Drawdown to Total Risk Alpha for TrueLight is roughly
66.53 The benchmark portfolio represents the market risk matched to the total risk of the stock ETF or fund.
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