Stornoway Diamond Total Risk Alpha
| SWYDF Stock | | | USD 0.0003 0.0002 200.00% |
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Stornoway Diamond has current Total Risk Alpha of 10.38. 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] |
| = | 10.38 | |
| ER[a] | = | Expected return on investing in Stornoway Diamond |
| ER[b] | = | Expected return on market index or selected benchmark |
| STD[a] | = | Standard Deviation of returns on Stornoway Diamond |
| STD[b] | = | Standard Deviation of selected market or benchmark |
| RFR | = | Risk Free Rate of return. Typically T-Bill Rate |
Stornoway Diamond Total Risk Alpha Peers Comparison
Stornoway Total Risk Alpha Relative To Other Indicators
Stornoway Diamond is rated
second in total risk alpha category among its peers. It is currently under evaluation in maximum drawdown category among its peers reporting about
93.96 of Maximum Drawdown per Total Risk Alpha. The ratio of Maximum Drawdown to Total Risk Alpha for Stornoway Diamond is roughly
93.96 The benchmark portfolio represents the market risk matched to the total risk of the stock ETF or fund.
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