Harmonic Drive Total Risk Alpha
| HSYDF Stock | | | USD 22.95 0.55 2.34% |
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Harmonic Drive Systems has current Total Risk Alpha of 0.1211. 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] |
| = | 0.1211 | |
| ER[a] | = | Expected return on investing in Harmonic Drive |
| ER[b] | = | Expected return on market index or selected benchmark |
| STD[a] | = | Standard Deviation of returns on Harmonic Drive |
| STD[b] | = | Standard Deviation of selected market or benchmark |
| RFR | = | Risk Free Rate of return. Typically T-Bill Rate |
Harmonic Drive Total Risk Alpha Peers Comparison
Harmonic Total Risk Alpha Relative To Other Indicators
Harmonic Drive Systems 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
239.63 of Maximum Drawdown per Total Risk Alpha. The ratio of Maximum Drawdown to Total Risk Alpha for Harmonic Drive Systems is roughly
239.64 The benchmark portfolio represents the market risk matched to the total risk of the stock ETF or fund.
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