21Shares Avalanche Total Risk Alpha
| AVAX Etf | | | 1.30 -0.10 -7.14% |
This dataset for 21Shares Avalanche ETP reflects inputs used in the Total Risk Alpha calculation. All values reflect available price and volume data across reporting intervals. Data availability for the calculation period determines indicator completeness. Extended technical indicator views are accessible through
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Trending Equities for context on portfolio diversification. The diversification view provides additional analytical depth. Portfolio construction reflects how positions are combined across holdings. The holding in 21Shares Avalanche ETP represents an allocation. This is situated within the portfolio mix. The weighting is determined by the allocation framework in use. Also, note that the market value of any etf could be closely tied with the direction of predictive economic indicators such as
signals in inflation.
21Shares Avalanche ETP has current Total Risk Alpha of 0.4271. 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] |
| = | 0.4271 | |
| ER[a] | = | Expected return on investing in 21Shares Avalanche |
| ER[b] | = | Expected return on market index or selected benchmark |
| STD[a] | = | Standard Deviation of returns on 21Shares Avalanche |
| 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
21Shares Avalanche ETP falls in the
second position for total risk alpha relative to ETF peers. It is currently under evaluation for maximum drawdown relative to ETF peers reflecting a
141.64 ratio of Maximum Drawdown to Total Risk Alpha. 21Shares Avalanche ETP's Maximum Drawdown exceeds Total Risk Alpha by a factor of
141.64 The benchmark portfolio represents the market risk matched to the total risk of the stock ETF or fund.
Compare 21Shares Avalanche to Peers
Other Technical Indicators