Capital Group Total Risk Alpha
| CGGO Etf | | | USD 34.09 0.53 1.58% |
The Total Risk Alpha indicator for Capital Group is constructed from normalized market data. The depth of trading history affects the precision of the indicator. Review
Trending Equities for context on portfolio diversification. Allocation structure reflects how positions are distributed across the portfolio. Portfolio tools allow users to monitor Capital Group Global alongside other positions. Portfolio views show how individual holdings contribute to aggregate returns. Broader economic conditions can influence Capital Group Global's etf valuation — related indicators include
signals in census.
Capital Group Global has current Total Risk Alpha of 0.0866. 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] |
| = | 0.0866 | |
| ER[a] | = | Expected return on investing in Capital Group |
| ER[b] | = | Expected return on market index or selected benchmark |
| STD[a] | = | Standard Deviation of returns on Capital Group |
| 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
Capital Group Global lands at
#3 in total risk alpha against similar ETFs. It is currently under evaluation in maximum drawdown against similar ETFs producing
66.29 in Maximum Drawdown for each unit of Total Risk Alpha. The spread between Maximum Drawdown and Total Risk Alpha for Capital Group Global sits at
66.29 The benchmark portfolio represents the market risk matched to the total risk of the stock ETF or fund.
Compare Capital Group to Peers
Other Technical Indicators