Carvana Total Risk Alpha
| CVNA Stock | | | USD 291.17 -23.57 -7.49% |
Reference data associated with the Total Risk Alpha technical indicator for Carvana Co. Values may reflect normalized price or volume observations.
Carvana Co has current Total Risk Alpha of
-0.24. 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] |
| = | -0.24 | |
| ER[a] | = | Expected return on investing in Carvana |
| ER[b] | = | Expected return on market index or selected benchmark |
| STD[a] | = | Standard Deviation of returns on Carvana |
| 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
Carvana Co is rated
below average in total risk alpha among leading competitors. It is currently under evaluation in maximum drawdown among leading competitors .
The benchmark portfolio represents the market risk matched to the total risk of the stock ETF or fund.
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