Tungtex (Holdings) Total Risk Alpha
| TUGHF Stock | | | USD 0.03 0.00 0.00% |
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Tungtex Company Limited has current Total Risk Alpha of 0.0803. 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] |
| = | 0.0803 | |
| ER[a] | = | Expected return on investing in Tungtex (Holdings) |
| ER[b] | = | Expected return on market index or selected benchmark |
| STD[a] | = | Standard Deviation of returns on Tungtex (Holdings) |
| STD[b] | = | Standard Deviation of selected market or benchmark |
| RFR | = | Risk Free Rate of return. Typically T-Bill Rate |
Tungtex (Holdings) Total Risk Alpha Peers Comparison
Tungtex Total Risk Alpha Relative To Other Indicators
Tungtex Company Limited 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
377.07 of Maximum Drawdown per Total Risk Alpha. The ratio of Maximum Drawdown to Total Risk Alpha for Tungtex Company Limited is roughly
377.07 The benchmark portfolio represents the market risk matched to the total risk of the stock ETF or fund.
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