NORDHEALTH Total Risk Alpha
| 6E5 Stock | | | 2.18 -0.06 -2.68% |
This technical indicator view for Total Risk Alpha organizes signals for NORDHEALTH AS NK and comparable instruments. Coverage varies by data normalization and availability; see
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Trending Equities to understand diversified portfolio construction. Such insight adds context to allocation decisions within a diversified portfolio. This suggests a position in NORDHEALTH AS NK within the portfolio mix. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as
signals in inflation.
NORDHEALTH AS NK has current Total Risk Alpha of
-0.34. 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] |
| = | -0.34 | |
| ER[a] | = | Expected return on investing in NORDHEALTH |
| ER[b] | = | Expected return on market index or selected benchmark |
| STD[a] | = | Standard Deviation of returns on NORDHEALTH |
| STD[b] | = | Standard Deviation of selected market or benchmark |
| RFR | = | Risk Free Rate of return. Typically T-Bill Rate |
NORDHEALTH Total Risk Alpha Peers Comparison
NORDHEALTH Total Risk Alpha Relative To Other Indicators
NORDHEALTH AS NK is rated
third among stocks in total risk alpha category among its top compatitors. It is currently under evaluation. in maximum drawdown category among its top compatitors .
The benchmark portfolio represents the market risk matched to the total risk of the stock ETF or fund.
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