ACENA Total Risk Alpha
| ACENA Stock | | | 1,028 3.00 0.29% |
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ACENA has current Total Risk Alpha of 0.0024. 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] |
| = | 0.0024 | |
| ER[a] | = | Expected return on investing in ACENA |
| ER[b] | = | Expected return on market index or selected benchmark |
| STD[a] | = | Standard Deviation of returns on ACENA |
| STD[b] | = | Standard Deviation of selected market or benchmark |
| RFR | = | Risk Free Rate of return. Typically T-Bill Rate |
ACENA Total Risk Alpha Peers Comparison
ACENA Total Risk Alpha Relative To Other Indicators
ACENA is rated
below average in total risk alpha category among its peers. It is currently under evaluation in maximum drawdown category among its peers reporting about
1,072 of Maximum Drawdown per Total Risk Alpha. The ratio of Maximum Drawdown to Total Risk Alpha for ACENA is roughly
1,072 The benchmark portfolio represents the market risk matched to the total risk of the stock ETF or fund.
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