Alta Equipment Total Risk Alpha
| ALTG Stock | | | USD 6.10 0.03 0.49% |
The Total Risk Alpha lookup presents technical context for Alta Equipment Group and related instruments. Data availability can vary by region and feed;
Equity Screeners provides broader screening access. Alta Equipment has a market cap of 206.51 M, operating margin of 1.02%, ROE of -2.33%.
Trending Equities can help frame allocation decisions. The allocation includes a position in Alta Equipment Group inside the allocation mix. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as
signals in population.
Alta Equipment Group has current Total Risk Alpha of 0.5917. 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] |
| = | 0.5917 | |
| ER[a] | = | Expected return on investing in Alta Equipment |
| ER[b] | = | Expected return on market index or selected benchmark |
| STD[a] | = | Standard Deviation of returns on Alta Equipment |
| STD[b] | = | Standard Deviation of selected market or benchmark |
| RFR | = | Risk Free Rate of return. Typically T-Bill Rate |
Alta Equipment Total Risk Alpha Peers Comparison
Alta Total Risk Alpha Relative To Other Indicators
Alta Equipment Group ranks
third among stocks in total risk alpha across its competitive set. It is currently under evaluation in maximum drawdown across its competitive set at roughly
26.29 Maximum Drawdown per unit of Total Risk Alpha. Alta Equipment Group carries a
26.29 x Maximum Drawdown-to-Total Risk Alpha ratio
The benchmark portfolio represents the market risk matched to the total risk of the stock ETF or fund.
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