Whitestone REIT Total Risk Alpha
| WSR Stock | | | USD 18.96 0.01 0.05% |
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 Whitestone REIT's current Total Risk Alpha with peer comparisons and related risk metrics.
Current Total Risk Alpha Value
Whitestone REIT carries a Total Risk Alpha of 0.4281, consistent with positive alpha — return above what market exposure alone would predict. Whitestone REIT 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] |
| = | 0.4281 | |
| ER[a] | = | Expected return on investing in Whitestone REIT |
| ER[b] | = | Expected return on market index or selected benchmark |
| STD[a] | = | Standard Deviation of returns on Whitestone REIT |
| 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 0.04 for Total Risk Alpha, with Whitestone REIT at 0.4281 falling above that level. Readings span -0.2877 (KKR Real Estate) to 0.2065 (Brandywine Realty Trust). Whitestone REIT 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 Whitestone REIT 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.
Whitestone REIT's Total Risk Alpha reads
0.43 while Maximum Drawdown reads
11.91 , a
27.81 ratio between the two. This indicates Maximum Drawdown substantially exceeds Total Risk Alpha for Whitestone REIT.
Methodology, Assumptions & Data Sources
Whitestone REIT has a current Total Risk Alpha reading of 0.4281. The Total Risk Alpha for Whitestone REIT is produced by transforming raw price history into a standardized measure according to the indicator's defined methodology. Data sources include daily closing prices from supported exchanges, with standard corporate action adjustments applied. Whitestone REIT operates in the real estate sector, which may exhibit distinct volatility and momentum characteristics relative to the broader market. The calculation assumes continuous price data across the selected period. All readings are presented as reference data.
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