21Shares Algorand Total Risk Alpha
The Total Risk Alpha reading for 21Shares Algorand ETP is computed from historical trading observations. Values reflect historical observations within the available dataset.
Diversification context is available through
Trending Equities. This view summarizes available data without implying outcomes. Broader economic conditions can influence 21Shares Algorand ETP's etf valuation — related indicators include
signals in inflation.
21Shares Algorand ETP has current Total Risk Alpha of
-0.26. 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] |
| = | -0.26 | |
| ER[a] | = | Expected return on investing in 21Shares Algorand |
| ER[b] | = | Expected return on market index or selected benchmark |
| STD[a] | = | Standard Deviation of returns on 21Shares Algorand |
| 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
21Shares Algorand ETP is rated
below average in total risk alpha across the ETF category. It is currently under evaluation in maximum drawdown across the ETF category .
The benchmark portfolio represents the market risk matched to the total risk of the stock ETF or fund.
Compare 21Shares Algorand to Peers
Other Technical Indicators