Converge Information Total Risk Alpha
| CNVRG Stock | | | 13.24 0.39 3.04% |
The Total Risk Alpha indicator for Converge Information is constructed from normalized market data. The
Equity Screeners module supports multi-indicator technical analysis. Converge Information has a market cap of 87.2 B, ROE of 24.7%. Use
Trending Equities to view allocation positioning. The allocation shows a weighting toward Converge Information Communications. Each holding is sized according to the methodology applied to the portfolio. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as various price indices.
Converge Information Communications has current Total Risk Alpha of 0.2125. 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] |
| = | 0.2125 | |
| ER[a] | = | Expected return on investing in Converge Information |
| ER[b] | = | Expected return on market index or selected benchmark |
| STD[a] | = | Standard Deviation of returns on Converge Information |
| 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
Converge Information Communications is rated
below average for total risk alpha against industry peers. It is rated
below average for maximum drawdown against industry peers with Maximum Drawdown measuring nearly
45.15 against Total Risk Alpha. Maximum Drawdown runs about
45.15 times Total Risk Alpha for Converge Information Communications
The benchmark portfolio represents the market risk matched to the total risk of the stock ETF or fund.
Compare Converge Information to Peers
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