CornerCap Fundametrics Total Risk Alpha
| FUNL Etf | | | USD 47.23 0.28 0.60% |
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CornerCap Fundametrics Large Cap has current Total Risk Alpha of 0.0037. 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] |
| = | 0.0037 | |
| ER[a] | = | Expected return on investing in CornerCap Fundametrics |
| ER[b] | = | Expected return on market index or selected benchmark |
| STD[a] | = | Standard Deviation of returns on CornerCap Fundametrics |
| STD[b] | = | Standard Deviation of selected market or benchmark |
| RFR | = | Risk Free Rate of return. Typically T-Bill Rate |
CornerCap Fundametrics Total Risk Alpha Peers Comparison
CornerCap Total Risk Alpha Relative To Other Indicators
CornerCap Fundametrics Large Cap is rated
# 2 ETF in total risk alpha as compared to similar ETFs. It is currently under evaluation in maximum drawdown as compared to similar ETFs reporting about
740.92 of Maximum Drawdown per Total Risk Alpha. The ratio of Maximum Drawdown to Total Risk Alpha for CornerCap Fundametrics Large Cap is roughly
740.92 The benchmark portfolio represents the market risk matched to the total risk of the stock ETF or fund.
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