Tourmaline Bio Total Risk Alpha
| TRMLDelisted Stock | | | 47.98 0.00 0.00% |
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Tourmaline Bio has current Total Risk Alpha of 0.6517. 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] |
| = | 0.6517 | |
| ER[a] | = | Expected return on investing in Tourmaline Bio |
| ER[b] | = | Expected return on market index or selected benchmark |
| STD[a] | = | Standard Deviation of returns on Tourmaline Bio |
| STD[b] | = | Standard Deviation of selected market or benchmark |
| RFR | = | Risk Free Rate of return. Typically T-Bill Rate |
Tourmaline Bio Total Risk Alpha Peers Comparison
Tourmaline Total Risk Alpha Relative To Other Indicators
Tourmaline Bio 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
89.82 of Maximum Drawdown per Total Risk Alpha. The ratio of Maximum Drawdown to Total Risk Alpha for Tourmaline Bio is roughly
89.82 The benchmark portfolio represents the market risk matched to the total risk of the stock ETF or fund.
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