Ninepoint Royal Total Risk Alpha
| RYHI Etf | | | 11.71 0.10 0.85% |
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Ninepoint Royal Bank has current Total Risk Alpha of 0.0997. 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] |
| = | 0.0997 | |
| ER[a] | = | Expected return on investing in Ninepoint Royal |
| ER[b] | = | Expected return on market index or selected benchmark |
| STD[a] | = | Standard Deviation of returns on Ninepoint Royal |
| STD[b] | = | Standard Deviation of selected market or benchmark |
| RFR | = | Risk Free Rate of return. Typically T-Bill Rate |
Ninepoint Royal Total Risk Alpha Peers Comparison
Ninepoint Total Risk Alpha Relative To Other Indicators
Ninepoint Royal Bank is rated
second largest ETF in total risk alpha as compared to similar ETFs. It is currently under evaluation in maximum drawdown as compared to similar ETFs reporting about
39.76 of Maximum Drawdown per Total Risk Alpha. The ratio of Maximum Drawdown to Total Risk Alpha for Ninepoint Royal Bank is roughly
39.76 The benchmark portfolio represents the market risk matched to the total risk of the stock ETF or fund.
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