IShares Copper Total Risk Alpha
Observed values used to calculate the Total Risk Alpha technical indicator for iShares Copper Miners. Some instruments may provide partial coverage depending on trading history.
iShares Copper Miners has current Total Risk Alpha of 0.3659. 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] |
| = | 0.3659 | |
| ER[a] | = | Expected return on investing in IShares Copper |
| ER[b] | = | Expected return on market index or selected benchmark |
| STD[a] | = | Standard Deviation of returns on IShares Copper |
| 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
iShares Copper Miners earns the top ranking in total risk alpha across the ETF category. It is currently under evaluation in maximum drawdown across the ETF category yielding
33.78 of Maximum Drawdown per Total Risk Alpha. For iShares Copper Miners, Maximum Drawdown stands at
33.78 times Total Risk Alpha
The benchmark portfolio represents the market risk matched to the total risk of the stock ETF or fund.
Compare IShares Copper to Peers
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