4DMEDICAL Total Risk Alpha
| 4DX Stock | | | 3.38 -0.01 -0.29% |
Total Risk Alpha measures the excess return of an asset after comparing its performance to a benchmark portfolio matched to the same total risk level. Unlike Jensen Alpha, which adjusts for systematic risk (beta) only, Total Risk Alpha accounts for total volatility. Below is 4DMEDICAL's current Total Risk Alpha with peer comparisons and related risk metrics.
Current Total Risk Alpha Value
At 0.4992, 4DMEDICAL's Total Risk Alpha indicates positive alpha — return above what market exposure alone would predict. 4DMEDICAL has generated modest excess return beyond what its systematic risk exposure explains.
Total Risk Alpha | = | RFR + (ER[b] - ER[a]) | x | STD[a] / STD[b] |
| = | 0.4992 | |
| ER[a] | = | Expected return on investing in 4DMEDICAL |
| ER[b] | = | Expected return on market index or selected benchmark |
| STD[a] | = | Standard Deviation of returns on 4DMEDICAL |
| STD[b] | = | Standard Deviation of selected market or benchmark |
| RFR | = | Risk Free Rate of return. Typically T-Bill Rate |
Total Risk Alpha Peers Comparison
4DMEDICAL falls above the 0.11 peer average for Total Risk Alpha. European Lithium leads at 1.45 while Imugene registers the lowest at -1.2678. 4DMEDICAL has generated more excess return relative to its market exposure than the peer group average.
Total Risk Alpha Relative To Other Indicators
The chart below plots Total Risk Alpha against Maximum Drawdown for 4DMEDICAL and its peers. Each point represents one equity — position along the horizontal axis shows Total Risk Alpha while the vertical axis shows Maximum Drawdown. Equities that cluster in different quadrants carry distinct risk-return profiles. Use the dropdowns to swap in other indicators for either axis.
Comparing Total Risk Alpha (
0.50 ) to Maximum Drawdown (
45.08 ) for 4DMEDICAL yields a
90.31 multiple. This indicates Maximum Drawdown substantially exceeds Total Risk Alpha for 4DMEDICAL.
Methodology, Assumptions & Data Sources
The current Total Risk Alpha for 4DMEDICAL is 0.4992. This Total Risk Alpha reading for 4DMEDICAL results from applying the indicator's calculation rules to price and volume data over the selected window. Data sources include daily closing prices from supported exchanges, with standard corporate action adjustments applied. 4DMEDICAL operates in the health care sector, which may exhibit distinct volatility and momentum characteristics relative to the broader market. Results are based on historical returns and do not predict future performance. This indicator is provided for informational purposes.
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