| AVDX Stock | | | USD 11.44 0.02 0.17% |
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AvidXchange Holdings has current Total Risk Alpha of 0.1918. 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] |
| = | 0.1918 | |
| ER[a] | = | Expected return on investing in AvidXchange Holdings |
| ER[b] | = | Expected return on market index or selected benchmark |
| STD[a] | = | Standard Deviation of returns on AvidXchange Holdings |
| STD[b] | = | Standard Deviation of selected market or benchmark |
| RFR | = | Risk Free Rate of return. Typically T-Bill Rate |
AvidXchange Holdings Total Risk Alpha Peers Comparison
AvidXchange Total Risk Alpha Relative To Other Indicators
AvidXchange Holdings is number one stock in total risk alpha category among its peers. It is currently under evaluation in kurtosis category among its peers making up about
63.98 of Kurtosis per Total Risk Alpha. The ratio of Kurtosis to Total Risk Alpha for AvidXchange Holdings is roughly
63.98 The benchmark portfolio represents the market risk matched to the total risk of the stock ETF or fund.
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