Atlas Copco Total Risk Alpha
| ATLPF Stock | | | USD 18.63 0.29 1.58% |
This technical indicator view for Total Risk Alpha organizes signals for Atlas Copco AB and comparable instruments. Some instruments may have limited coverage due to data differences;
Equity Screeners lists screening tools. Atlas Copco has a market cap of 62.13 B, ROE of 31.81%. See
Trending Equities for portfolio-level analysis. This suggests a position in Atlas Copco AB across the allocation. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as
signals in metropolitan statistical area.
Atlas Copco AB has current Total Risk Alpha of 0.3462. 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] |
| = | 0.3462 | |
| ER[a] | = | Expected return on investing in Atlas Copco |
| ER[b] | = | Expected return on market index or selected benchmark |
| STD[a] | = | Standard Deviation of returns on Atlas Copco |
| STD[b] | = | Standard Deviation of selected market or benchmark |
| RFR | = | Risk Free Rate of return. Typically T-Bill Rate |
Atlas Copco Total Risk Alpha Peers Comparison
Atlas Total Risk Alpha Relative To Other Indicators
Atlas Copco AB is rated
below average in total risk alpha across its competitive set. It is currently under evaluation in maximum drawdown across its competitive set at roughly
59.27 Maximum Drawdown per unit of Total Risk Alpha. Atlas Copco AB carries a
59.27 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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