Global X Total Risk Alpha
| BKCL Etf | | | 21.99 -0.38 -1.70% |
Historical market data for Global X Enhanced forms the basis of the Total Risk Alpha indicator shown here. Coverage may vary depending on data availability and normalization methods.
Trending Equities provides context for diversified portfolio design. Refined allocation visibility enhances overall portfolio context. The portfolio reflects a holding in Global X Enhanced. The weighting is visible within the allocation breakdown. 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.
Global X Enhanced has current Total Risk Alpha of 0.0905. 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] |
| = | 0.0905 | |
| ER[a] | = | Expected return on investing in Global X |
| ER[b] | = | Expected return on market index or selected benchmark |
| STD[a] | = | Standard Deviation of returns on Global X |
| 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
Global X Enhanced is rated
below average in total risk alpha against similar ETFs. It is currently under evaluation in maximum drawdown against similar ETFs producing
48.85 in Maximum Drawdown for each unit of Total Risk Alpha. The spread between Maximum Drawdown and Total Risk Alpha for Global X Enhanced sits at
48.85 The benchmark portfolio represents the market risk matched to the total risk of the stock ETF or fund.
Compare Global X to Peers
Other Technical Indicators