China Evergrande Total Risk Alpha
| EVGRF Stock | | | USD 0 0.0004 57.14% |
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China Evergrande New has current Total Risk Alpha of 0.2998. 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] |
| = | 0.2998 | |
| ER[a] | = | Expected return on investing in China Evergrande |
| ER[b] | = | Expected return on market index or selected benchmark |
| STD[a] | = | Standard Deviation of returns on China Evergrande |
| STD[b] | = | Standard Deviation of selected market or benchmark |
| RFR | = | Risk Free Rate of return. Typically T-Bill Rate |
China Evergrande Total Risk Alpha Peers Comparison
China Total Risk Alpha Relative To Other Indicators
China Evergrande New 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
132.36 of Maximum Drawdown per Total Risk Alpha. The ratio of Maximum Drawdown to Total Risk Alpha for China Evergrande New is roughly
132.36 The benchmark portfolio represents the market risk matched to the total risk of the stock ETF or fund.
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