Invesco China Total Risk Alpha
| CQQQ Etf | | | USD 48.13 -0.43 -0.89% |
Historical market data for Invesco China Technology forms the basis of the Total Risk Alpha indicator shown here. The indicator computation uses normalized market activity data. Market data gaps can influence the computed indicator values.
Trending Equities provides a view into diversified allocation design. Such insight adds context to allocation decisions within a diversified portfolio. A position in Invesco China Technology appears within the mix. The allocation reflects this within the position set. Position sizing reflects the allocation methodology applied to the portfolio. Also, note that the market value of any etf could be closely tied with the direction of predictive economic indicators such as
signals in producer price index.
Invesco China Technology has current Total Risk Alpha of 0.0905. 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] |
| = | 0.0905 | |
| ER[a] | = | Expected return on investing in Invesco China |
| ER[b] | = | Expected return on market index or selected benchmark |
| STD[a] | = | Standard Deviation of returns on Invesco China |
| 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
Invesco China Technology is ranked
fifth for total risk alpha among related ETFs. It is currently under evaluation for maximum drawdown among related ETFs with Maximum Drawdown measuring nearly
103.47 against Total Risk Alpha. Maximum Drawdown runs about
103.47 times Total Risk Alpha for Invesco China Technology
The benchmark portfolio represents the market risk matched to the total risk of the stock ETF or fund.
Compare Invesco China to Peers
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