GraniteShares Bloomberg Total Risk Alpha
| COMB Etf | | | USD 25.86 0.24 0.94% |
Reference data associated with the Total Risk Alpha technical indicator for GraniteShares Bloomberg Commodity. Additional screening context is available through
Equity Screeners.
GraniteShares Bloomberg Commodity has current Total Risk Alpha of 0.3424. 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] |
| = | 0.3424 | |
| ER[a] | = | Expected return on investing in GraniteShares Bloomberg |
| ER[b] | = | Expected return on market index or selected benchmark |
| STD[a] | = | Standard Deviation of returns on GraniteShares Bloomberg |
| STD[b] | = | Standard Deviation of selected market or benchmark |
| RFR | = | Risk Free Rate of return. Typically T-Bill Rate |
GraniteShares Bloomberg Total Risk Alpha Peers Comparison
GraniteShares Total Risk Alpha Relative To Other Indicators
GraniteShares Bloomberg Commodity ranks first in total risk alpha compared to similar ETFs. It is currently under evaluation in maximum drawdown compared to similar ETFs reporting about
20.23 of Maximum Drawdown per Total Risk Alpha. At
20.23 , GraniteShares Bloomberg Commodity'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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