Shikun Binui Total Risk Alpha
| SBEN Stock | | | 327.50 8.50 2.53% |
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Shikun Binui Energy has current Total Risk Alpha of 0.0506. 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] |
| = | 0.0506 | |
| ER[a] | = | Expected return on investing in Shikun Binui |
| ER[b] | = | Expected return on market index or selected benchmark |
| STD[a] | = | Standard Deviation of returns on Shikun Binui |
| STD[b] | = | Standard Deviation of selected market or benchmark |
| RFR | = | Risk Free Rate of return. Typically T-Bill Rate |
Shikun Binui Total Risk Alpha Peers Comparison
Shikun Total Risk Alpha Relative To Other Indicators
Shikun Binui Energy is rated
below average in total risk alpha category among its peers. It is currently under evaluation in maximum drawdown category among its peers reporting about
419.39 of Maximum Drawdown per Total Risk Alpha. The ratio of Maximum Drawdown to Total Risk Alpha for Shikun Binui Energy is roughly
419.39 The benchmark portfolio represents the market risk matched to the total risk of the stock ETF or fund.
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