Financial Select total-risk-alpha technical analysis lookup allows you to check this and other technical indicators for Financial Select Sector or any other equities. You can select from a set of available technical indicators by clicking on the link to the right. Please note, not all equities are covered by this module due to inconsistencies in global equity categorizations and data normalization technicques. Please check also Equity Screeners to view more equity screening tools
Financial
Financial Select Sector has current Total Risk Alpha of 0.0819. 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]
=
0.0819
ER[a]
=
Expected return on investing in Financial Select
ER[b]
=
Expected return on market index or selected benchmark
Financial Select Total Risk Alpha Peers Comparison
Financial Total Risk Alpha Relative To Other Indicators
Financial Select Sector is rated third in total risk alpha as compared to similar ETFs. It is currently under evaluation in maximum drawdown as compared to similar ETFs reporting about 49.84 of Maximum Drawdown per Total Risk Alpha. The ratio of Maximum Drawdown to Total Risk Alpha for Financial Select Sector is roughly 49.84
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