SmartETFs Asia Total Risk Alpha
| ADIV Etf | | | USD 18.11 0.00 0.00% |
The Total Risk Alpha reading for SmartETFs Asia Pacific is computed from historical trading observations. Values reflect historical observations within the available dataset. Diversification context is available through
Trending Equities. Allocation context can improve visibility into portfolio balance. A position in SmartETFs Asia Pacific appears within the mix. The allocation reflects this within the position set. Also, note that the market value of any etf could be closely tied with the direction of predictive economic indicators such as
signals in gross domestic product.
SmartETFs Asia Pacific has current Total Risk Alpha of 0.0716. 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] |
| = | 0.0716 | |
| ER[a] | = | Expected return on investing in SmartETFs Asia |
| ER[b] | = | Expected return on market index or selected benchmark |
| STD[a] | = | Standard Deviation of returns on SmartETFs Asia |
| 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
SmartETFs Asia Pacific is rated
below average for total risk alpha relative to ETF peers. It is currently under evaluation for maximum drawdown relative to ETF peers reflecting a
64.30 ratio of Maximum Drawdown to Total Risk Alpha. SmartETFs Asia Pacific's Maximum Drawdown exceeds Total Risk Alpha by a factor of
64.30 The benchmark portfolio represents the market risk matched to the total risk of the stock ETF or fund.
Compare SmartETFs Asia to Peers
Other Technical Indicators