Apyx Medical Total Risk Alpha
| APYX Stock | | | USD 3.63 0.01 0.28% |
Apyx Medical total risk alpha lookup summarizes this and related technical indicators for Apyx Medical. Coverage varies by data normalization and availability; see
Equity Screeners for broader screening context. Apyx Medical has a market cap of 148.94 M, operating margin of 0.06%, ROE of -76.15%. Use
Trending Equities to explore allocation context. This includes a position in Apyx Medical within the portfolio mix. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as
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Apyx Medical has current Total Risk Alpha of 0.1996. 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] |
| = | 0.1996 | |
| ER[a] | = | Expected return on investing in Apyx Medical |
| ER[b] | = | Expected return on market index or selected benchmark |
| STD[a] | = | Standard Deviation of returns on Apyx Medical |
| STD[b] | = | Standard Deviation of selected market or benchmark |
| RFR | = | Risk Free Rate of return. Typically T-Bill Rate |
Apyx Medical Total Risk Alpha Peers Comparison
Apyx Total Risk Alpha Relative To Other Indicators
Apyx Medical is rated
below average in total risk alpha among leading competitors. It is currently under evaluation in maximum drawdown among leading competitors reporting about
122.58 of Maximum Drawdown per Total Risk Alpha. At
122.58 , Apyx Medical'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.
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