Scandic Hotels Total Risk Alpha
| 10H Stock | | | EUR 7.67 -0.21 -2.66% |
Reference data associated with the Total Risk Alpha technical indicator for Scandic Hotels Group. Additional screening context is available through
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Scandic Hotels Group has current Total Risk Alpha of 0.1187. 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] |
| = | 0.1187 | |
| ER[a] | = | Expected return on investing in Scandic Hotels |
| ER[b] | = | Expected return on market index or selected benchmark |
| STD[a] | = | Standard Deviation of returns on Scandic Hotels |
| STD[b] | = | Standard Deviation of selected market or benchmark |
| RFR | = | Risk Free Rate of return. Typically T-Bill Rate |
Scandic Hotels Total Risk Alpha Peers Comparison
Scandic Total Risk Alpha Relative To Other Indicators
Scandic Hotels Group ranks
third among stocks in total risk alpha across its competitive set. It is currently under evaluation in maximum drawdown across its competitive set at roughly
96.20 Maximum Drawdown per unit of Total Risk Alpha. Scandic Hotels Group carries a
96.20 x Maximum Drawdown-to-Total Risk Alpha ratio
The benchmark portfolio represents the market risk matched to the total risk of the stock ETF or fund.
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