Hodges Blue Total Risk Alpha

HDPBX Fund  USD 27.66  0.18  0.66%   
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Hodges Blue Chip has current Total Risk Alpha of 0.0226. 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]

 = 
0.0226
ER[a] = Expected return on investing in Hodges Blue
ER[b] = Expected return on market index or selected benchmark
STD[a] =   Standard Deviation of returns on Hodges Blue
STD[b] = Standard Deviation of selected market or benchmark
RFR = Risk Free Rate of return. Typically T-Bill Rate

Hodges Blue Total Risk Alpha Peers Comparison

Hodges Total Risk Alpha Relative To Other Indicators

Hodges Blue Chip is rated # 2 fund in total risk alpha among similar funds. It is currently under evaluation in maximum drawdown among similar funds reporting about  198.25  of Maximum Drawdown per Total Risk Alpha. The ratio of Maximum Drawdown to Total Risk Alpha for Hodges Blue Chip is roughly  198.25 
The benchmark portfolio represents the market risk matched to the total risk of the stock ETF or fund.
Compare Hodges Blue to Peers

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