PetroChina Company Total Risk Alpha
| PC6 Stock | | | EUR 0.93 0.01 1.06% |
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PetroChina Company Limited has current Total Risk Alpha of 0.027. 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] |
| = | 0.027 | |
| ER[a] | = | Expected return on investing in PetroChina Company |
| ER[b] | = | Expected return on market index or selected benchmark |
| STD[a] | = | Standard Deviation of returns on PetroChina Company |
| STD[b] | = | Standard Deviation of selected market or benchmark |
| RFR | = | Risk Free Rate of return. Typically T-Bill Rate |
PetroChina Company Total Risk Alpha Peers Comparison
PetroChina Total Risk Alpha Relative To Other Indicators
PetroChina Company Limited is regarded
fifth in total risk alpha category among its peers. It is currently under evaluation in maximum drawdown category among its peers reporting about
411.57 of Maximum Drawdown per Total Risk Alpha. The ratio of Maximum Drawdown to Total Risk Alpha for PetroChina Company Limited is roughly
411.57 The benchmark portfolio represents the market risk matched to the total risk of the stock ETF or fund.
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