HeXun Biosciences Total Risk Alpha
| 6986 Stock | | | 59.80 2.10 3.39% |
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HeXun Biosciences Co has current Total Risk Alpha of 0.0083. 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] |
| = | 0.0083 | |
| ER[a] | = | Expected return on investing in HeXun Biosciences |
| ER[b] | = | Expected return on market index or selected benchmark |
| STD[a] | = | Standard Deviation of returns on HeXun Biosciences |
| STD[b] | = | Standard Deviation of selected market or benchmark |
| RFR | = | Risk Free Rate of return. Typically T-Bill Rate |
HeXun Biosciences Total Risk Alpha Peers Comparison
HeXun Total Risk Alpha Relative To Other Indicators
HeXun Biosciences Co is rated
fourth in total risk alpha category among its peers. It is currently under evaluation in maximum drawdown category among its peers reporting about
1,174 of Maximum Drawdown per Total Risk Alpha. The ratio of Maximum Drawdown to Total Risk Alpha for HeXun Biosciences Co is roughly
1,174 The benchmark portfolio represents the market risk matched to the total risk of the stock ETF or fund.
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