Ideal Bike Total Risk Alpha
| 8933 Stock | | | TWD 7.25 0.22 2.95% |
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Ideal Bike has current Total Risk Alpha of 0.1598. 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] |
| = | 0.1598 | |
| ER[a] | = | Expected return on investing in Ideal Bike |
| ER[b] | = | Expected return on market index or selected benchmark |
| STD[a] | = | Standard Deviation of returns on Ideal Bike |
| STD[b] | = | Standard Deviation of selected market or benchmark |
| RFR | = | Risk Free Rate of return. Typically T-Bill Rate |
Ideal Bike Total Risk Alpha Peers Comparison
Ideal Total Risk Alpha Relative To Other Indicators
Ideal Bike 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
123.18 of Maximum Drawdown per Total Risk Alpha. The ratio of Maximum Drawdown to Total Risk Alpha for Ideal Bike is roughly
123.18 The benchmark portfolio represents the market risk matched to the total risk of the stock ETF or fund.
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