Brookstone Yield Total Risk Alpha
| BAMY Etf | | | 27.90 0.02 0.07% |
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Brookstone Yield ETF has current Total Risk Alpha of 0.0116. 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] |
| = | 0.0116 | |
| ER[a] | = | Expected return on investing in Brookstone Yield |
| ER[b] | = | Expected return on market index or selected benchmark |
| STD[a] | = | Standard Deviation of returns on Brookstone Yield |
| STD[b] | = | Standard Deviation of selected market or benchmark |
| RFR | = | Risk Free Rate of return. Typically T-Bill Rate |
Brookstone Yield Total Risk Alpha Peers Comparison
Brookstone Total Risk Alpha Relative To Other Indicators
Brookstone Yield ETF is the top ETF in total risk alpha as compared to similar ETFs. It is currently under evaluation in maximum drawdown as compared to similar ETFs reporting about
166.44 of Maximum Drawdown per Total Risk Alpha. The ratio of Maximum Drawdown to Total Risk Alpha for Brookstone Yield ETF is roughly
166.44 The benchmark portfolio represents the market risk matched to the total risk of the stock ETF or fund.
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