CVS Health Total Risk Alpha

CVS Stock  MXN 1,218  31.00  2.61%   
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CVS Health has current Total Risk Alpha of (0.22). 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]

 = 
(0.22)
ER[a] = Expected return on investing in CVS Health
ER[b] = Expected return on market index or selected benchmark
STD[a] =   Standard Deviation of returns on CVS Health
STD[b] = Standard Deviation of selected market or benchmark
RFR = Risk Free Rate of return. Typically T-Bill Rate

CVS Health Total Risk Alpha Peers Comparison

CVS Total Risk Alpha Relative To Other Indicators

The benchmark portfolio represents the market risk matched to the total risk of the stock ETF or fund.
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