| 348210 Stock | | | KRW 53,800 200.00 0.37% |
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NEXTIN Inc has current Total Risk Alpha of 0.0256. 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] |
| = | 0.0256 | |
| ER[a] | = | Expected return on investing in NEXTIN |
| ER[b] | = | Expected return on market index or selected benchmark |
| STD[a] | = | Standard Deviation of returns on NEXTIN |
| STD[b] | = | Standard Deviation of selected market or benchmark |
| RFR | = | Risk Free Rate of return. Typically T-Bill Rate |
NEXTIN Total Risk Alpha Peers Comparison
NEXTIN Total Risk Alpha Relative To Other Indicators
NEXTIN Inc is rated
fifth in total risk alpha category among its peers. It is currently under evaluation in treynor ratio category among its peers fabricating about
0.56 of Treynor Ratio per Total Risk Alpha. The ratio of Total Risk Alpha to Treynor Ratio for NEXTIN Inc is roughly
1.79 The benchmark portfolio represents the market risk matched to the total risk of the stock ETF or fund.
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