Pharmagreen Biotech Total Risk Alpha
| PHBI Stock | | | USD 0 0.0004 15.38% |
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Pharmagreen Biotech has current Total Risk Alpha of 0.3925. 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] |
| = | 0.3925 | |
| ER[a] | = | Expected return on investing in Pharmagreen Biotech |
| ER[b] | = | Expected return on market index or selected benchmark |
| STD[a] | = | Standard Deviation of returns on Pharmagreen Biotech |
| STD[b] | = | Standard Deviation of selected market or benchmark |
| RFR | = | Risk Free Rate of return. Typically T-Bill Rate |
Pharmagreen Biotech Total Risk Alpha Peers Comparison
Pharmagreen Total Risk Alpha Relative To Other Indicators
Pharmagreen Biotech 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
187.96 of Maximum Drawdown per Total Risk Alpha. The ratio of Maximum Drawdown to Total Risk Alpha for Pharmagreen Biotech is roughly
187.96 The benchmark portfolio represents the market risk matched to the total risk of the stock ETF or fund.
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