STAAR Surgical Total Risk Alpha
| STAA Stock | | | USD 29.48 1.30 4.61% |
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 STAAR Surgical's current Total Risk Alpha with peer comparisons and related risk metrics.
Current Total Risk Alpha Value
STAAR Surgical registers a Total Risk Alpha of 0.9317, reflecting positive alpha — return above what market exposure alone would predict. STAAR Surgical 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] |
| = | 0.9317 | |
| ER[a] | = | Expected return on investing in STAAR Surgical |
| ER[b] | = | Expected return on market index or selected benchmark |
| STD[a] | = | Standard Deviation of returns on STAAR Surgical |
| 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 0.17 for Total Risk Alpha, with STAAR Surgical at 0.9317 falling above that level. Readings span -0.5552 (Azenta Inc) to 1.21 (Novocure). STAAR Surgical 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 STAAR Surgical 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.
STAAR Surgical's Maximum Drawdown of
29.72 runs about
31.89 times its Total Risk Alpha of
0.93 . This indicates Maximum Drawdown substantially exceeds Total Risk Alpha for STAAR Surgical.
Methodology, Assumptions & Data Sources
STAAR Surgical's Total Risk Alpha currently stands at 0.9317. STAAR Surgical's Total Risk Alpha is computed from historical closing prices over the selected time horizon, applying the indicator's defined mathematical transformation to raw price data. The underlying data comes from exchange-reported daily closes with corporate action adjustments applied where relevant. Values are specific to the selected time horizon and may differ across measurement periods. This indicator does not constitute investment advice.
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