Shanghai Newtouch Total Risk Alpha
| 688590 Stock | | | 14.50 -0.43 -2.88% |
Observed values used to calculate the Total Risk Alpha technical indicator for Shanghai Newtouch Software. Indicator values reflect available price and volume data where applicable.
Shanghai Newtouch Software has current Total Risk Alpha of 0.0923. 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] |
| = | 0.0923 | |
| ER[a] | = | Expected return on investing in Shanghai Newtouch |
| ER[b] | = | Expected return on market index or selected benchmark |
| STD[a] | = | Standard Deviation of returns on Shanghai Newtouch |
| STD[b] | = | Standard Deviation of selected market or benchmark |
| RFR | = | Risk Free Rate of return. Typically T-Bill Rate |
Total Risk Alpha Peers Comparison
Total Risk Alpha Relative To Other Indicators
Shanghai Newtouch Software is rated
third in total risk alpha among leading competitors. It is currently under evaluation in maximum drawdown among leading competitors reporting about
280.77 of Maximum Drawdown per Total Risk Alpha. At
280.77 , Shanghai Newtouch Software's Maximum Drawdown-to-Total Risk Alpha multiple reflects the spread between these metrics
The benchmark portfolio represents the market risk matched to the total risk of the stock ETF or fund.
Compare Shanghai Newtouch to Peers
Other Technical Indicators