Ab Discovery Total Risk Alpha
| ABSZX Fund | | | USD 20.11 0.04 0.20% |
The Total Risk Alpha calculation for Ab Discovery draws on price and volume history. All inputs are based on actual trading observations from supported exchanges. Diversification context is available through
Trending Equities. Allocation context can improve visibility into portfolio balance. Diversification context is built from the relationships between portfolio holdings. No forward-looking guarantees are expressed or implied by this data. This captures an allocation to Ab Discovery Value. This is part of the broader portfolio composition. How positions are weighted depends on the construction approach used. Also, note that the market value of any mutual fund could be closely tied with the direction of predictive economic indicators such as
signals in nation.
Ab Discovery Value has current Total Risk Alpha of 0.102. 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] |
| = | 0.102 | |
| ER[a] | = | Expected return on investing in Ab Discovery |
| ER[b] | = | Expected return on market index or selected benchmark |
| STD[a] | = | Standard Deviation of returns on Ab Discovery |
| 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
Ab Discovery Value is rated
fifth in total risk alpha among similar funds. It is currently under evaluation in maximum drawdown among similar funds reporting about
46.75 of Maximum Drawdown per Total Risk Alpha. At
46.75 , Ab Discovery Value'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 Ab Discovery to Peers
Other Technical Indicators