Jungo Connectivity Total Risk Alpha
| JNGO Stock | | | 292.90 7.10 2.37% |
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Jungo Connectivity has current Total Risk Alpha of
(0.47). 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] |
| = | (0.47) | |
| ER[a] | = | Expected return on investing in Jungo Connectivity |
| ER[b] | = | Expected return on market index or selected benchmark |
| STD[a] | = | Standard Deviation of returns on Jungo Connectivity |
| STD[b] | = | Standard Deviation of selected market or benchmark |
| RFR | = | Risk Free Rate of return. Typically T-Bill Rate |
Jungo Connectivity Total Risk Alpha Peers Comparison
Jungo Total Risk Alpha Relative To Other Indicators
Jungo Connectivity is rated
second overall in total risk alpha category among its peers. It is currently under evaluation in maximum drawdown category among its peers .
The benchmark portfolio represents the market risk matched to the total risk of the stock ETF or fund.
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