Firefly Neuroscience Total Risk Alpha
| AIFF Stock | | | 1.90 -0.03 -1.55% |
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 Firefly Neuroscience's current Total Risk Alpha with peer comparisons and related risk metrics.
Current Total Risk Alpha Value
At 2.73, Firefly Neuroscience's Total Risk Alpha indicates strong positive alpha — return materially above what market exposure alone would predict. Firefly Neuroscience has generated returns well beyond what its beta-adjusted market risk explains.
Total Risk Alpha | = | RFR + (ER[b] - ER[a]) | x | STD[a] / STD[b] |
| = | 2.73 | |
| ER[a] | = | Expected return on investing in Firefly Neuroscience |
| ER[b] | = | Expected return on market index or selected benchmark |
| STD[a] | = | Standard Deviation of returns on Firefly Neuroscience |
| STD[b] | = | Standard Deviation of selected market or benchmark |
| RFR | = | Risk Free Rate of return. Typically T-Bill Rate |
Total Risk Alpha Peers Comparison
Among sector peers, Firefly Neuroscience's Total Risk Alpha of 2.73 is above the 0.58 group average. The range runs from -0.7289 (ConnectM Technology Solutions) to 6.91 (Real Messenger). Firefly Neuroscience 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 Firefly Neuroscience 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.
Firefly Neuroscience records a Total Risk Alpha of
2.73 and a Maximum Drawdown of
154.45 , yielding roughly
56.52 units of Maximum Drawdown per Total Risk Alpha. This indicates Maximum Drawdown substantially exceeds Total Risk Alpha for Firefly Neuroscience.
Methodology, Assumptions & Data Sources
The current Total Risk Alpha for Firefly Neuroscience is 2.73. This Total Risk Alpha reading for Firefly Neuroscience results from applying the indicator's calculation rules to price and volume data over the selected window. All inputs are based on exchange-reported closing prices, with adjustments for stock splits, dividends, and other corporate actions. Firefly Neuroscience operates in the information technology sector, which may exhibit distinct volatility and momentum characteristics relative to the broader market. Values are specific to the selected time horizon and may differ across measurement periods. This indicator does not constitute investment advice.
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