ORVR3F Total Risk Alpha
| ORVR3F Stock | | | 71.00 0.31 0.44% |
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ORVR3F has current Total Risk Alpha of 0.1228. 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] |
| = | 0.1228 | |
| ER[a] | = | Expected return on investing in ORVR3F |
| ER[b] | = | Expected return on market index or selected benchmark |
| STD[a] | = | Standard Deviation of returns on ORVR3F |
| STD[b] | = | Standard Deviation of selected market or benchmark |
| RFR | = | Risk Free Rate of return. Typically T-Bill Rate |
ORVR3F Total Risk Alpha Peers Comparison
ORVR3F Total Risk Alpha Relative To Other Indicators
ORVR3F 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
116.99 of Maximum Drawdown per Total Risk Alpha. The ratio of Maximum Drawdown to Total Risk Alpha for ORVR3F is roughly
116.99 The benchmark portfolio represents the market risk matched to the total risk of the stock ETF or fund.
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