21Shares Stellar Total Risk Alpha
The Total Risk Alpha calculation for 21Shares Stellar draws on price and volume history. All inputs are based on actual trading observations from supported exchanges. Data availability for the calculation period determines indicator completeness.
For portfolio construction context, review
Trending Equities. Diversification context helps frame allocation across holdings. The construction of a diversified portfolio involves managing position exposure. 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 Stellar ETP has current Total Risk Alpha of 0.1982. 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] |
| = | 0.1982 | |
| ER[a] | = | Expected return on investing in 21Shares Stellar |
| ER[b] | = | Expected return on market index or selected benchmark |
| STD[a] | = | Standard Deviation of returns on 21Shares Stellar |
| 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 Stellar ETP maintains a
third standing in total risk alpha across the ETF category. It maintains a
fifth standing in maximum drawdown across the ETF category yielding
97.24 of Maximum Drawdown per Total Risk Alpha. For 21Shares Stellar ETP, Maximum Drawdown stands at
97.24 times Total Risk Alpha
The benchmark portfolio represents the market risk matched to the total risk of the stock ETF or fund.
Compare 21Shares Stellar to Peers
Other Technical Indicators