ETF Managers Total Risk Alpha
| BWET Etf | | | 61.68 4.20 7.31% |
ETF Managers total risk alpha lookup summarizes this and related technical indicators for ETF Managers Group. Coverage depends on data availability and normalization;
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ETF Managers Group has current Total Risk Alpha of 1.72. 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] |
| = | 1.72 | |
| ER[a] | = | Expected return on investing in ETF Managers |
| ER[b] | = | Expected return on market index or selected benchmark |
| STD[a] | = | Standard Deviation of returns on ETF Managers |
| STD[b] | = | Standard Deviation of selected market or benchmark |
| RFR | = | Risk Free Rate of return. Typically T-Bill Rate |
ETF Managers Total Risk Alpha Peers Comparison
ETF Total Risk Alpha Relative To Other Indicators
ETF Managers Group ranks as the leading etf in total risk alpha as compared to similar ETFs. It is currently under evaluation. in maximum drawdown as compared to similar ETFs reporting about
23.89 of Maximum Drawdown per Total Risk Alpha. The ratio of Maximum Drawdown to Total Risk Alpha for ETF Managers Group is roughly
23.89 The benchmark portfolio represents the market risk matched to the total risk of the stock ETF or fund.
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