American Century Total Risk Alpha
| AVNM Etf | | | 75.48 1.70 2.30% |
Technical inputs supporting the Total Risk Alpha indicator for American Century ETF are shown here. Cross-instrument Total Risk Alpha comparisons are available via
Equity Screeners.
Trending Equities provides a view into diversified allocation design. Such insight adds context to allocation decisions within a diversified portfolio. A position in American Century ETF is indicated here. Position allocation is driven by the portfolio construction model. 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.
American Century ETF has current Total Risk Alpha of 0.1576. 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] |
| = | 0.1576 | |
| ER[a] | = | Expected return on investing in American Century |
| ER[b] | = | Expected return on market index or selected benchmark |
| STD[a] | = | Standard Deviation of returns on American Century |
| 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
American Century ETF lands at
#3 in total risk alpha against similar ETFs. It is currently under evaluation in maximum drawdown against similar ETFs producing
37.97 in Maximum Drawdown for each unit of Total Risk Alpha. The spread between Maximum Drawdown and Total Risk Alpha for American Century ETF sits at
37.97 The benchmark portfolio represents the market risk matched to the total risk of the stock ETF or fund.
Compare American Century to Peers
Other Technical Indicators