Freja EID Total Risk Alpha
| FREJA Stock | | | SEK 15.25 0.25 1.67% |
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Freja eID Group has current Total Risk Alpha of 0.0144. 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] |
| = | 0.0144 | |
| ER[a] | = | Expected return on investing in Freja EID |
| ER[b] | = | Expected return on market index or selected benchmark |
| STD[a] | = | Standard Deviation of returns on Freja EID |
| STD[b] | = | Standard Deviation of selected market or benchmark |
| RFR | = | Risk Free Rate of return. Typically T-Bill Rate |
Freja EID Total Risk Alpha Peers Comparison
Freja Total Risk Alpha Relative To Other Indicators
Freja eID Group 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
1,151 of Maximum Drawdown per Total Risk Alpha. The ratio of Maximum Drawdown to Total Risk Alpha for Freja eID Group is roughly
1,151 The benchmark portfolio represents the market risk matched to the total risk of the stock ETF or fund.
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