Elys Game Total Risk Alpha
| ELYS Stock | | | USD 0.0002 0.0001 33.33% |
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Elys Game Technology has current Total Risk Alpha of 5.4. 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] |
| = | 5.4 | |
| ER[a] | = | Expected return on investing in Elys Game |
| ER[b] | = | Expected return on market index or selected benchmark |
| STD[a] | = | Standard Deviation of returns on Elys Game |
| STD[b] | = | Standard Deviation of selected market or benchmark |
| RFR | = | Risk Free Rate of return. Typically T-Bill Rate |
Elys Game Total Risk Alpha Peers Comparison
Elys Total Risk Alpha Relative To Other Indicators
Elys Game Technology is one of the top stocks in total risk alpha category among its peers. It is currently under evaluation in maximum drawdown category among its peers reporting about
49.38 of Maximum Drawdown per Total Risk Alpha. The ratio of Maximum Drawdown to Total Risk Alpha for Elys Game Technology is roughly
49.38 The benchmark portfolio represents the market risk matched to the total risk of the stock ETF or fund.
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