KraneShares Artificial Total Risk Alpha
| AGIX Etf | | | 34.42 -0.03 -0.09% |
The Total Risk Alpha reading for KraneShares Artificial Intelligence is computed from historical trading observations. Values reflect historical observations within the available dataset. Normalization methods and data feeds may affect reported values. Use
Trending Equities to better understand diversified portfolio construction. The diversification view provides additional analytical depth. Position sizing and allocation together define the portfolio construction approach. A position in KraneShares Artificial Intelligence is indicated here. It is reflected in the overall portfolio structure. 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.
KraneShares Artificial Intelligence has current Total Risk Alpha of 0.1173. 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] |
| = | 0.1173 | |
| ER[a] | = | Expected return on investing in KraneShares Artificial |
| ER[b] | = | Expected return on market index or selected benchmark |
| STD[a] | = | Standard Deviation of returns on KraneShares Artificial |
| 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
KraneShares Artificial Intelligence is rated
fifth in total risk alpha compared to similar ETFs. It is currently under evaluation in maximum drawdown compared to similar ETFs reporting about
65.82 of Maximum Drawdown per Total Risk Alpha. At
65.82 , KraneShares Artificial Intelligence'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 KraneShares Artificial to Peers
Other Technical Indicators