Digital Turbine Total Risk Alpha
| APPS Stock | | | USD 3.26 -0.20 -5.78% |
Observed values used to calculate the Total Risk Alpha technical indicator for Digital Turbine. Indicator inputs depend on available historical price observations.
Digital Turbine has current Total Risk Alpha of
-0.17. 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] |
| = | -0.17 | |
| ER[a] | = | Expected return on investing in Digital Turbine |
| ER[b] | = | Expected return on market index or selected benchmark |
| STD[a] | = | Standard Deviation of returns on Digital Turbine |
| 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
Digital Turbine is rated
below average in total risk alpha relative to competitors. It is currently under evaluation in maximum drawdown relative to competitors .
The benchmark portfolio represents the market risk matched to the total risk of the stock ETF or fund.
Compare Digital Turbine to Peers
Other Technical Indicators