Elders Total Risk Alpha
| EDESY Stock | | | USD 19.73 0.00 0.00% |
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Elders Ltd ADR has current Total Risk Alpha of 0.0049. 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] |
| = | 0.0049 | |
| ER[a] | = | Expected return on investing in Elders |
| ER[b] | = | Expected return on market index or selected benchmark |
| STD[a] | = | Standard Deviation of returns on Elders |
| STD[b] | = | Standard Deviation of selected market or benchmark |
| RFR | = | Risk Free Rate of return. Typically T-Bill Rate |
Elders Total Risk Alpha Peers Comparison
Elders Total Risk Alpha Relative To Other Indicators
Elders Ltd ADR is rated
# 3 in total risk alpha category among its peers. It is currently under evaluation in maximum drawdown category among its peers reporting about
618.10 of Maximum Drawdown per Total Risk Alpha. The ratio of Maximum Drawdown to Total Risk Alpha for Elders Ltd ADR is roughly
618.10 The benchmark portfolio represents the market risk matched to the total risk of the stock ETF or fund.
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