Ten Pao Total Risk Alpha
| TNPOF Stock | | | 0.11 0.00 0.00% |
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Ten Pao Group has current Total Risk Alpha of 0.0095. 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] |
| = | 0.0095 | |
| ER[a] | = | Expected return on investing in Ten Pao |
| ER[b] | = | Expected return on market index or selected benchmark |
| STD[a] | = | Standard Deviation of returns on Ten Pao |
| STD[b] | = | Standard Deviation of selected market or benchmark |
| RFR | = | Risk Free Rate of return. Typically T-Bill Rate |
Ten Pao Total Risk Alpha Peers Comparison
Ten Total Risk Alpha Relative To Other Indicators
Ten Pao Group 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
1,053 of Maximum Drawdown per Total Risk Alpha. The ratio of Maximum Drawdown to Total Risk Alpha for Ten Pao Group is roughly
1,053 The benchmark portfolio represents the market risk matched to the total risk of the stock ETF or fund.
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