Ovzon AB Total Risk Alpha
| OVZON Stock | | | 42.65 0.85 2.03% |
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Ovzon AB has current Total Risk Alpha of 0.0295. 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] |
| = | 0.0295 | |
| ER[a] | = | Expected return on investing in Ovzon AB |
| ER[b] | = | Expected return on market index or selected benchmark |
| STD[a] | = | Standard Deviation of returns on Ovzon AB |
| STD[b] | = | Standard Deviation of selected market or benchmark |
| RFR | = | Risk Free Rate of return. Typically T-Bill Rate |
Ovzon AB Total Risk Alpha Peers Comparison
Ovzon Total Risk Alpha Relative To Other Indicators
Ovzon AB is regarded
second in total risk alpha category among its peers. It is currently under evaluation in maximum drawdown category among its peers reporting about
570.62 of Maximum Drawdown per Total Risk Alpha. The ratio of Maximum Drawdown to Total Risk Alpha for Ovzon AB is roughly
570.62 The benchmark portfolio represents the market risk matched to the total risk of the stock ETF or fund.
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