Elsight Total Risk Alpha
| ELS Stock | | | 3.21 0.02 0.63% |
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Elsight has current Total Risk Alpha of 0.5034. 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] |
| = | 0.5034 | |
| ER[a] | = | Expected return on investing in Elsight |
| ER[b] | = | Expected return on market index or selected benchmark |
| STD[a] | = | Standard Deviation of returns on Elsight |
| STD[b] | = | Standard Deviation of selected market or benchmark |
| RFR | = | Risk Free Rate of return. Typically T-Bill Rate |
Elsight Total Risk Alpha Peers Comparison
Elsight Total Risk Alpha Relative To Other Indicators
Elsight is rated
# 2 in total risk alpha category among its peers. It is currently under evaluation in maximum drawdown category among its peers reporting about
79.36 of Maximum Drawdown per Total Risk Alpha. The ratio of Maximum Drawdown to Total Risk Alpha for Elsight is roughly
79.36 The benchmark portfolio represents the market risk matched to the total risk of the stock ETF or fund.
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