Calliditas Therapeutics Total Risk Alpha
| CLTEF Stock | | | USD 0.70 0.15 27.27% |
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Calliditas Therapeutics AB has current Total Risk Alpha of 663.2. 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] |
| = | 663.2 | |
| ER[a] | = | Expected return on investing in Calliditas Therapeutics |
| ER[b] | = | Expected return on market index or selected benchmark |
| STD[a] | = | Standard Deviation of returns on Calliditas Therapeutics |
| STD[b] | = | Standard Deviation of selected market or benchmark |
| RFR | = | Risk Free Rate of return. Typically T-Bill Rate |
Calliditas Therapeutics Total Risk Alpha Peers Comparison
Calliditas Total Risk Alpha Relative To Other Indicators
Calliditas Therapeutics AB is number one stock in total risk alpha category among its peers. It is currently under evaluation in maximum drawdown category among its peers reporting about
87.53 of Maximum Drawdown per Total Risk Alpha. The ratio of Maximum Drawdown to Total Risk Alpha for Calliditas Therapeutics AB is roughly
87.53 The benchmark portfolio represents the market risk matched to the total risk of the stock ETF or fund.
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