ALGER BALANCED Total Risk Alpha
| ABLOX Fund | | | USD 22.41 -0.10 -0.44% |
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Alger Balanced Portfolio has current Total Risk Alpha of 0.2336. 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] |
| = | 0.2336 | |
| ER[a] | = | Expected return on investing in ALGER BALANCED |
| ER[b] | = | Expected return on market index or selected benchmark |
| STD[a] | = | Standard Deviation of returns on ALGER BALANCED |
| STD[b] | = | Standard Deviation of selected market or benchmark |
| RFR | = | Risk Free Rate of return. Typically T-Bill Rate |
ALGER BALANCED Total Risk Alpha Peers Comparison
ALGER Total Risk Alpha Relative To Other Indicators
Alger Balanced Portfolio ranks first in total risk alpha among similar funds. It is currently under evaluation in maximum drawdown among similar funds reporting about
55.03 of Maximum Drawdown per Total Risk Alpha.
The benchmark portfolio represents the market risk matched to the total risk of the stock ETF or fund.
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