Elevation Series Total Risk Alpha
| CBSE ETF | | | USD 41.66 0.31 0.75% |
The Total Risk Alpha indicator for Elevation Series is constructed from normalized market data. Related indicator context is organized within
Equity Screeners. For portfolio construction context, review
Trending Equities. The information is presented without directional commentary. Tracking Elevation Series Trust in a portfolio provides context for performance attribution. Position sizing depends on the allocation methodology selected for the portfolio. Broader economic conditions can influence Elevation Series Trust's ETF valuation — related indicators include
signals in real.
Elevation Series Trust has current Total Risk Alpha of 0.2905. 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] |
| = | 0.2905 | |
| ER[a] | = | Expected return on investing in Elevation Series |
| ER[b] | = | Expected return on market index or selected benchmark |
| STD[a] | = | Standard Deviation of returns on Elevation Series |
| 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
Elevation Series Trust holds the
#4 position for total risk alpha among peer ETFs. It is currently under evaluation for maximum drawdown among peer ETFs with a Maximum Drawdown-to-Total Risk Alpha ratio near
26.13 . The Maximum Drawdown to Total Risk Alpha ratio for Elevation Series Trust comes in at
26.13 The benchmark portfolio represents the market risk matched to the total risk of the stock ETF or fund.
Compare Elevation Series to Peers
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