Rush Enterprises Total Risk Alpha
| RUSHA Stock | | | USD 74.92 0.30 0.40% |
Total Risk Alpha measures the excess return of an asset after comparing its performance to a benchmark portfolio matched to the same total risk level. Unlike Jensen Alpha, which adjusts for systematic risk (beta) only, Total Risk Alpha accounts for total volatility. Below is Rush Enterprises's current Total Risk Alpha with peer comparisons and related risk metrics.
Current Total Risk Alpha Value
At 0.2387, Rush Enterprises exhibits positive alpha — return above what market exposure alone would predict in Total Risk Alpha. Rush Enterprises has generated modest excess return beyond what its systematic risk exposure explains.
Total Risk Alpha | = | RFR + (ER[b] - ER[a]) | x | STD[a] / STD[b] |
| = | 0.2387 | |
| ER[a] | = | Expected return on investing in Rush Enterprises |
| ER[b] | = | Expected return on market index or selected benchmark |
| STD[a] | = | Standard Deviation of returns on Rush Enterprises |
| STD[b] | = | Standard Deviation of selected market or benchmark |
| RFR | = | Risk Free Rate of return. Typically T-Bill Rate |
Total Risk Alpha Peers Comparison
The peer group averages 0.04 for Total Risk Alpha, with Rush Enterprises at 0.2387 falling above that level. Readings span -0.3278 (Asbury Automotive Group) to 0.681 (PVH Corp). Rush Enterprises has generated more excess return relative to its market exposure than the peer group average.
Total Risk Alpha Relative To Other Indicators
The chart below plots Total Risk Alpha against Maximum Drawdown for Rush Enterprises and its peers. Each point represents one equity — position along the horizontal axis shows Total Risk Alpha while the vertical axis shows Maximum Drawdown. Equities that cluster in different quadrants carry distinct risk-return profiles. Use the dropdowns to swap in other indicators for either axis.
Rush Enterprises's Maximum Drawdown of
9.09 runs about
38.10 times its Total Risk Alpha of
0.24 . This indicates Maximum Drawdown substantially exceeds Total Risk Alpha for Rush Enterprises.
Methodology, Assumptions & Data Sources
The current Total Risk Alpha for Rush Enterprises is 0.2387. The Total Risk Alpha for Rush Enterprises applies a standardized calculation to daily closing prices and, where applicable, volume data across the selected period. Inputs are drawn from end-of-day closing prices reported by supported exchanges, adjusted for splits and dividends where applicable. Rush Enterprises operates in the consumer cyclical sector, which may exhibit distinct volatility and momentum characteristics relative to the broader market. Results are based on historical returns and do not predict future performance. This indicator is provided for informational purposes.
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