NewtekOne 8625 Total Risk Alpha
| NEWTH Stock | | | 25.23 0.17 0.67% |
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NewtekOne 8625 percent has current Total Risk Alpha of 0.0075. 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] |
| = | 0.0075 | |
| ER[a] | = | Expected return on investing in NewtekOne 8625 |
| ER[b] | = | Expected return on market index or selected benchmark |
| STD[a] | = | Standard Deviation of returns on NewtekOne 8625 |
| STD[b] | = | Standard Deviation of selected market or benchmark |
| RFR | = | Risk Free Rate of return. Typically T-Bill Rate |
NewtekOne 8625 Total Risk Alpha Peers Comparison
NewtekOne Total Risk Alpha Relative To Other Indicators
NewtekOne 8625 percent is regarded
third in total risk alpha category among its peers. It is currently under evaluation in maximum drawdown category among its peers reporting about
531.33 of Maximum Drawdown per Total Risk Alpha. The ratio of Maximum Drawdown to Total Risk Alpha for NewtekOne 8625 percent is roughly
531.33 The benchmark portfolio represents the market risk matched to the total risk of the stock ETF or fund.
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