Synalloy Total Risk Alpha
| ACNT Stock | | | USD 12.71 0.02 0.16% |
Reference data associated with the Total Risk Alpha technical indicator for Synalloy. Indicator values reflect available price and volume data where applicable.
Synalloy has current Total Risk Alpha of
-0.08. 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] |
| = | -0.08 | |
| ER[a] | = | Expected return on investing in Synalloy |
| ER[b] | = | Expected return on market index or selected benchmark |
| STD[a] | = | Standard Deviation of returns on Synalloy |
| 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
Synalloy is rated
below average in total risk alpha relative to competitors. It is currently under evaluation in maximum drawdown relative to competitors .
The benchmark portfolio represents the market risk matched to the total risk of the stock ETF or fund.
Compare Synalloy to Peers
Other Technical Indicators