Natural Beauty Total Risk Alpha
| NBBTF Stock | | | USD 0.06 0.00 0.00% |
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Natural Beauty Bio Technology has current Total Risk Alpha of
(0.32). 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] |
| = | (0.32) | |
| ER[a] | = | Expected return on investing in Natural Beauty |
| ER[b] | = | Expected return on market index or selected benchmark |
| STD[a] | = | Standard Deviation of returns on Natural Beauty |
| STD[b] | = | Standard Deviation of selected market or benchmark |
| RFR | = | Risk Free Rate of return. Typically T-Bill Rate |
Natural Beauty Total Risk Alpha Peers Comparison
Natural Total Risk Alpha Relative To Other Indicators
Natural Beauty Bio Technology is regarded
third 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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