JTNB Bancorp Total Risk Alpha
| JTNB Stock | | | USD 19.29 0.01 0.05% |
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JTNB Bancorp has current Total Risk Alpha of 0.0342. 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] |
| = | 0.0342 | |
| ER[a] | = | Expected return on investing in JTNB Bancorp |
| ER[b] | = | Expected return on market index or selected benchmark |
| STD[a] | = | Standard Deviation of returns on JTNB Bancorp |
| STD[b] | = | Standard Deviation of selected market or benchmark |
| RFR | = | Risk Free Rate of return. Typically T-Bill Rate |
JTNB Bancorp Total Risk Alpha Peers Comparison
JTNB Total Risk Alpha Relative To Other Indicators
JTNB Bancorp is rated
third overall in total risk alpha category among its peers. It is currently under evaluation in maximum drawdown category among its peers reporting about
210.89 of Maximum Drawdown per Total Risk Alpha. The ratio of Maximum Drawdown to Total Risk Alpha for JTNB Bancorp is roughly
210.89 The benchmark portfolio represents the market risk matched to the total risk of the stock ETF or fund.
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