Kwong Lung Total Risk Alpha
| 8916 Stock | | | TWD 49.05 0.10 0.20% |
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Kwong Lung Enterprise has current Total Risk Alpha of 0.0047. 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] |
| = | 0.0047 | |
| ER[a] | = | Expected return on investing in Kwong Lung |
| ER[b] | = | Expected return on market index or selected benchmark |
| STD[a] | = | Standard Deviation of returns on Kwong Lung |
| STD[b] | = | Standard Deviation of selected market or benchmark |
| RFR | = | Risk Free Rate of return. Typically T-Bill Rate |
Kwong Lung Total Risk Alpha Peers Comparison
Kwong Total Risk Alpha Relative To Other Indicators
Kwong Lung Enterprise is rated
second in total risk alpha category among its peers. It is currently under evaluation in maximum drawdown category among its peers reporting about
510.15 of Maximum Drawdown per Total Risk Alpha. The ratio of Maximum Drawdown to Total Risk Alpha for Kwong Lung Enterprise is roughly
510.15 The benchmark portfolio represents the market risk matched to the total risk of the stock ETF or fund.
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