NEBRASKA MUNICIPAL Total Risk Alpha
| NEITX Fund | | | USD 9.21 0.01 0.11% |
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 NEBRASKA MUNICIPAL's current Total Risk Alpha with peer comparisons and related risk metrics.
Current Total Risk Alpha Value
The Total Risk Alpha of 0.0017 for NEBRASKA MUNICIPAL indicates positive alpha — return above what market exposure alone would predict. NEBRASKA MUNICIPAL has generated modest excess return beyond what its systematic risk exposure explains.
Total Risk Alpha | = | RFR + (ER[b] - ER[a]) | x | STD[a] / STD[b] |
| = | 0.0017 | |
| ER[a] | = | Expected return on investing in NEBRASKA MUNICIPAL |
| ER[b] | = | Expected return on market index or selected benchmark |
| STD[a] | = | Standard Deviation of returns on NEBRASKA MUNICIPAL |
| STD[b] | = | Standard Deviation of selected market or benchmark |
| RFR | = | Risk Free Rate of return. Typically T-Bill Rate |
Total Risk Alpha Peers Comparison
The peer group averages 0.08 for Total Risk Alpha, with NEBRASKA MUNICIPAL at 0.0017 falling below that level. Readings span 0.0161 (Multimanager Lifestyle Servative) to 0.1365 (Schwab Small Cap Equity). NEBRASKA MUNICIPAL 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 Nebraska Municipal 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.
NEBRASKA MUNICIPAL's Maximum Drawdown of
0.87 runs about
513.59 times its Total Risk Alpha of
0.00 . This indicates Maximum Drawdown substantially exceeds Total Risk Alpha for NEBRASKA MUNICIPAL.
Methodology, Assumptions & Data Sources
NEBRASKA MUNICIPAL's Total Risk Alpha currently stands at 0.0017. The Total Risk Alpha for NEBRASKA MUNICIPAL is produced by transforming raw price history into a standardized measure according to the indicator's defined methodology. Inputs are drawn from end-of-day closing prices reported by supported exchanges, adjusted for splits and dividends where applicable. Results are based on historical returns and do not predict future performance. This indicator is provided for informational purposes.
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