Central Garden Total Risk Alpha
| CENTA Stock | | | USD 31.44 -0.02 -0.06% |
Observed values used to calculate the Total Risk Alpha technical indicator for Central Garden Pet. Additional screening context is available through
Equity Screeners.
Central Garden Pet has current Total Risk Alpha of 0.1955. 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] |
| = | 0.1955 | |
| ER[a] | = | Expected return on investing in Central Garden |
| ER[b] | = | Expected return on market index or selected benchmark |
| STD[a] | = | Standard Deviation of returns on Central Garden |
| 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
Central Garden Pet is rated
fifth in total risk alpha among leading competitors. It is currently under evaluation in maximum drawdown among leading competitors reporting about
33.21 of Maximum Drawdown per Total Risk Alpha. At
33.21 , Central Garden Pet's Maximum Drawdown-to-Total Risk Alpha multiple reflects the spread between these metrics
The benchmark portfolio represents the market risk matched to the total risk of the stock ETF or fund.
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