Aspire BioPharma Total Risk Alpha
| ASBP Stock | | | 1.05 -0.08 -7.08% |
Aspire BioPharma total risk alpha lookup summarizes this and related technical indicators for Aspire BioPharma. Data availability can vary by region and feed;
Equity Screeners provides broader screening access. Aspire BioPharma has a market cap of 5.28 M, operating margin of -590.16%. Use
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Aspire BioPharma has current Total Risk Alpha of
-0.65. 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] |
| = | -0.65 | |
| ER[a] | = | Expected return on investing in Aspire BioPharma |
| ER[b] | = | Expected return on market index or selected benchmark |
| STD[a] | = | Standard Deviation of returns on Aspire BioPharma |
| STD[b] | = | Standard Deviation of selected market or benchmark |
| RFR | = | Risk Free Rate of return. Typically T-Bill Rate |
Aspire BioPharma Total Risk Alpha Peers Comparison
Aspire Total Risk Alpha Relative To Other Indicators
Aspire BioPharma is rated
below average for total risk alpha against industry peers. It is currently under evaluation for maximum drawdown against industry peers .
The benchmark portfolio represents the market risk matched to the total risk of the stock ETF or fund.
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