ICU Medical Total Risk Alpha
| ICUI Stock | | | USD 123.07 3.48 2.91% |
Total Risk Alpha measures the excess return of an asset after comparing its performance to a benchmark portfolio matched to the same total risk level. Unlike Jensen Alpha, which adjusts for systematic risk (beta) only, Total Risk Alpha accounts for total volatility. Below is ICU Medical's current Total Risk Alpha with peer comparisons and related risk metrics.
Current Total Risk Alpha Value
At
-0.30, ICU Medical's Total Risk Alpha indicates slightly negative alpha — return marginally below the CAPM-predicted level. ICU Medical has slightly underperformed relative to what its market beta would imply.
Total Risk Alpha | = | RFR + (ER[b] - ER[a]) | x | STD[a] / STD[b] |
| = | -0.30 | |
| ER[a] | = | Expected return on investing in ICU Medical |
| ER[b] | = | Expected return on market index or selected benchmark |
| STD[a] | = | Standard Deviation of returns on ICU Medical |
| STD[b] | = | Standard Deviation of selected market or benchmark |
| RFR | = | Risk Free Rate of return. Typically T-Bill Rate |
Total Risk Alpha Peers Comparison
Among sector peers, ICU Medical's Total Risk Alpha of -0.3032 is below the -0.06 group average. The range runs from -0.3196 (Arcutis Biotherapeutics) to 0.4953 (Travere Therapeutics). ICU Medical has generated less excess return relative to its market exposure than the peer group average.
Total Risk Alpha Relative To Other Indicators
The chart below plots Total Risk Alpha against Maximum Drawdown for ICU Medical and its peers. Each point represents one equity — position along the horizontal axis shows Total Risk Alpha while the vertical axis shows Maximum Drawdown. Equities that cluster in different quadrants carry distinct risk-return profiles. Use the dropdowns to swap in other indicators for either axis.
Compare ICU Medical to PeersMethodology, Assumptions & Data Sources
The current Total Risk Alpha for ICU Medical is -0.30. The Total Risk Alpha for ICU Medical applies a standardized calculation to daily closing prices and, where applicable, volume data across the selected period. Price data is sourced from standardized end-of-day feeds across supported exchanges, normalized for corporate actions. ICU Medical operates in the health care sector, which may exhibit distinct volatility and momentum characteristics relative to the broader market. The output reflects the selected calculation window — changing the horizon will produce different readings. This stock metric is provided for analytical reference.
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