Shuz Tung Total Risk Alpha
| 4537 Stock | | | TWD 60.50 0.10 0.17% |
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Shuz Tung Machinery has current Total Risk Alpha of 0.3803. 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] |
| = | 0.3803 | |
| ER[a] | = | Expected return on investing in Shuz Tung |
| ER[b] | = | Expected return on market index or selected benchmark |
| STD[a] | = | Standard Deviation of returns on Shuz Tung |
| STD[b] | = | Standard Deviation of selected market or benchmark |
| RFR | = | Risk Free Rate of return. Typically T-Bill Rate |
Shuz Tung Total Risk Alpha Peers Comparison
Shuz Total Risk Alpha Relative To Other Indicators
Shuz Tung Machinery 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
62.79 of Maximum Drawdown per Total Risk Alpha. The ratio of Maximum Drawdown to Total Risk Alpha for Shuz Tung Machinery is roughly
62.79 The benchmark portfolio represents the market risk matched to the total risk of the stock ETF or fund.
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