Forvia SE Total Risk Alpha
| FRVIA Stock | | | 14.15 0.48 3.28% |
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Forvia SE has current Total Risk Alpha of 0.2716. 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] |
| = | 0.2716 | |
| ER[a] | = | Expected return on investing in Forvia SE |
| ER[b] | = | Expected return on market index or selected benchmark |
| STD[a] | = | Standard Deviation of returns on Forvia SE |
| STD[b] | = | Standard Deviation of selected market or benchmark |
| RFR | = | Risk Free Rate of return. Typically T-Bill Rate |
Forvia SE Total Risk Alpha Peers Comparison
Forvia Total Risk Alpha Relative To Other Indicators
Forvia SE 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
40.86 of Maximum Drawdown per Total Risk Alpha. The ratio of Maximum Drawdown to Total Risk Alpha for Forvia SE is roughly
40.86 The benchmark portfolio represents the market risk matched to the total risk of the stock ETF or fund.
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