Aldeyra Total Risk Alpha
| ALDX Stock | | | USD 1.81 -0.02 -1.09% |
The Total Risk Alpha indicator for Aldeyra is derived from observed market data. Broader indicator relationships are reflected within
Equity Screeners. Aldeyra has a market cap of 108.93 M, ROE of -58.73%.
Trending Equities can help frame allocation decisions. This includes a position in Aldeyra. The allocation reflects this within the position set. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as various price indices.
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How to Buy Aldeyra guide. The guide includes approaches for both long-term investing and shorter-term trading of Aldeyra Stock. Whether buying or selling, the guide provides a structured framework for Aldeyra decisions.
Aldeyra has current Total Risk Alpha of 0.5178. 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] |
| = | 0.5178 | |
| ER[a] | = | Expected return on investing in Aldeyra |
| ER[b] | = | Expected return on market index or selected benchmark |
| STD[a] | = | Standard Deviation of returns on Aldeyra |
| 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
Aldeyra is rated
below average in total risk alpha among leading competitors. It is currently under evaluation in maximum drawdown among leading competitors reporting about
155.02 of Maximum Drawdown per Total Risk Alpha. At
155.02 , Aldeyra'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 Aldeyra to Peers
Other Technical Indicators