Performance Shipping Total Risk Alpha
| PSHG Stock | | | USD 2.19 0.06 2.82% |
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Performance Shipping has current Total Risk Alpha of 0.0085. 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] |
| = | 0.0085 | |
| ER[a] | = | Expected return on investing in Performance Shipping |
| ER[b] | = | Expected return on market index or selected benchmark |
| STD[a] | = | Standard Deviation of returns on Performance Shipping |
| STD[b] | = | Standard Deviation of selected market or benchmark |
| RFR | = | Risk Free Rate of return. Typically T-Bill Rate |
Performance Shipping Total Risk Alpha Peers Comparison
Performance Total Risk Alpha Relative To Other Indicators
Performance Shipping is regarded
fourth in total risk alpha category among its peers. It is currently under evaluation in maximum drawdown category among its peers reporting about
2,088 of Maximum Drawdown per Total Risk Alpha. The ratio of Maximum Drawdown to Total Risk Alpha for Performance Shipping is roughly
2,088 The benchmark portfolio represents the market risk matched to the total risk of the stock ETF or fund.
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