SMTO3F Total Risk Alpha
| SMTO3F Stock | | | 17.91 0.18 1.02% |
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SMTO3F has current Total Risk Alpha of 0.1286. 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] |
| = | 0.1286 | |
| ER[a] | = | Expected return on investing in SMTO3F |
| ER[b] | = | Expected return on market index or selected benchmark |
| STD[a] | = | Standard Deviation of returns on SMTO3F |
| STD[b] | = | Standard Deviation of selected market or benchmark |
| RFR | = | Risk Free Rate of return. Typically T-Bill Rate |
SMTO3F Total Risk Alpha Peers Comparison
SMTO3F Total Risk Alpha Relative To Other Indicators
SMTO3F is rated
third in total risk alpha category among its peers. It is currently under evaluation in maximum drawdown category among its peers reporting about
154.92 of Maximum Drawdown per Total Risk Alpha. The ratio of Maximum Drawdown to Total Risk Alpha for SMTO3F is roughly
154.92 The benchmark portfolio represents the market risk matched to the total risk of the stock ETF or fund.
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