ODDITY Tech Total Risk Alpha
| ODD Stock | | | 16.06 0.57 3.68% |
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 ODDITY Tech's current Total Risk Alpha with peer comparisons and related risk metrics.
Current Total Risk Alpha Value
With Total Risk Alpha at
-0.77, ODDITY Tech shows slightly negative alpha — return marginally below the CAPM-predicted level. ODDITY Tech has slightly underperformed relative to what its market beta would imply.
Total Risk Alpha | = | RFR + (ER[b] - ER[a]) | x | STD[a] / STD[b] |
| = | -0.77 | |
| ER[a] | = | Expected return on investing in ODDITY Tech |
| ER[b] | = | Expected return on market index or selected benchmark |
| STD[a] | = | Standard Deviation of returns on ODDITY Tech |
| STD[b] | = | Standard Deviation of selected market or benchmark |
| RFR | = | Risk Free Rate of return. Typically T-Bill Rate |
Total Risk Alpha Peers Comparison
Relative to peers, ODDITY Tech's Total Risk Alpha is below the group average of 48.9. Peer readings range from -0.3909 (Gen Digital) to 488.97 (Sapiens International), reflecting wide dispersion across the sector. ODDITY Tech 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 ODDITY Tech 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.
Compare ODDITY Tech to PeersMethodology, Assumptions & Data Sources
ODDITY Tech has a current Total Risk Alpha reading of -0.77. The Total Risk Alpha for ODDITY Tech is produced by transforming raw price history into a standardized measure according to the indicator's defined methodology. The underlying data comes from exchange-reported daily closes with corporate action adjustments applied where relevant. ODDITY Tech operates in the consumer defensive sector, which may exhibit distinct volatility and momentum characteristics relative to the broader market. The calculation assumes continuous price data across the selected period. All readings are presented as reference data.
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