First Trust Total Risk Alpha
| BUFR Etf | | | USD 33.92 -0.11 -0.32% |
First Trust total risk alpha lookup summarizes this and related technical indicators for First Trust Cboe. Coverage depends on data availability and normalization;
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First Trust Cboe has current Total Risk Alpha of 0.0103. 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] |
| = | 0.0103 | |
| ER[a] | = | Expected return on investing in First Trust |
| ER[b] | = | Expected return on market index or selected benchmark |
| STD[a] | = | Standard Deviation of returns on First Trust |
| STD[b] | = | Standard Deviation of selected market or benchmark |
| RFR | = | Risk Free Rate of return. Typically T-Bill Rate |
First Trust Total Risk Alpha Peers Comparison
First Total Risk Alpha Relative To Other Indicators
First Trust Cboe is ranked
fifth for total risk alpha among related ETFs. It is currently under evaluation for maximum drawdown among related ETFs with Maximum Drawdown measuring nearly
178.14 against Total Risk Alpha. Maximum Drawdown runs about
178.14 times Total Risk Alpha for First Trust Cboe
The benchmark portfolio represents the market risk matched to the total risk of the stock ETF or fund.
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