Cargotec Total Risk Alpha
| CYJBY Stock | | | USD 24.39 0.00 0.00% |
Observed values used to calculate the Total Risk Alpha technical indicator for Cargotec. Additional screening context is available through
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Cargotec has current Total Risk Alpha of 0.0803. 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] |
| = | 0.0803 | |
| ER[a] | = | Expected return on investing in Cargotec |
| ER[b] | = | Expected return on market index or selected benchmark |
| STD[a] | = | Standard Deviation of returns on Cargotec |
| 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
Cargotec is rated
below average in total risk alpha among leading competitors. It is currently under evaluation in maximum drawdown among leading competitors reporting about
311.28 of Maximum Drawdown per Total Risk Alpha. At
311.28 , Cargotec'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.
Compare Cargotec to Peers
Other Technical Indicators