Mevaco SA Total Risk Alpha
| MEVA Stock | | | EUR 9.50 0.05 0.52% |
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Mevaco SA has current Total Risk Alpha of 0.1641. 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] |
| = | 0.1641 | |
| ER[a] | = | Expected return on investing in Mevaco SA |
| ER[b] | = | Expected return on market index or selected benchmark |
| STD[a] | = | Standard Deviation of returns on Mevaco SA |
| STD[b] | = | Standard Deviation of selected market or benchmark |
| RFR | = | Risk Free Rate of return. Typically T-Bill Rate |
Mevaco SA Total Risk Alpha Peers Comparison
Mevaco Total Risk Alpha Relative To Other Indicators
Mevaco SA is considered to be number one stock in total risk alpha category among its peers. It is currently under evaluation in maximum drawdown category among its peers reporting about
60.49 of Maximum Drawdown per Total Risk Alpha. The ratio of Maximum Drawdown to Total Risk Alpha for Mevaco SA is roughly
60.49 The benchmark portfolio represents the market risk matched to the total risk of the stock ETF or fund.
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