BNY Mellon Total Risk Alpha
| BKDV Etf | | | 29.42 -0.40 -1.34% |
BNY Mellon total risk alpha lookup summarizes this and related technical indicators for BNY Mellon ETF. Some instruments may have limited coverage due to data differences;
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BNY Mellon ETF has current Total Risk Alpha of 0.0742. 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] |
| = | 0.0742 | |
| ER[a] | = | Expected return on investing in BNY Mellon |
| ER[b] | = | Expected return on market index or selected benchmark |
| STD[a] | = | Standard Deviation of returns on BNY Mellon |
| STD[b] | = | Standard Deviation of selected market or benchmark |
| RFR | = | Risk Free Rate of return. Typically T-Bill Rate |
BNY Mellon Total Risk Alpha Peers Comparison
BNY Total Risk Alpha Relative To Other Indicators
BNY Mellon ETF is rated
below average. in total risk alpha as compared to similar ETFs. It is currently under evaluation. in maximum drawdown as compared to similar ETFs reporting about
50.01 of Maximum Drawdown per Total Risk Alpha. The ratio of Maximum Drawdown to Total Risk Alpha for BNY Mellon ETF is roughly
50.01 The benchmark portfolio represents the market risk matched to the total risk of the stock ETF or fund.
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