Apple CDR Total Risk Alpha
| AAPL Stock | | | 36.20 0.11 0.30% |
Observed values used to calculate the Total Risk Alpha technical indicator for Apple CDR. Additional screening context is available through
Equity Screeners.
Apple CDR has current Total Risk Alpha of 0.0119. 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] |
| = | 0.0119 | |
| ER[a] | = | Expected return on investing in Apple CDR |
| ER[b] | = | Expected return on market index or selected benchmark |
| STD[a] | = | Standard Deviation of returns on Apple CDR |
| 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
Apple CDR is rated
below average in total risk alpha compared to key competitors. It is currently under evaluation in maximum drawdown compared to key competitors producing
742.96 in Maximum Drawdown for each unit of Total Risk Alpha. The spread between Maximum Drawdown and Total Risk Alpha for Apple CDR sits at
742.96 The benchmark portfolio represents the market risk matched to the total risk of the stock ETF or fund.
Compare Apple CDR to Peers
Other Technical Indicators