Daktronics Total Risk Alpha
| DAKT Stock | | | USD 20.58 0.14 0.68% |
Observed values used to calculate the Total Risk Alpha technical indicator for Daktronics. Indicator values reflect available price and volume data where applicable.
Daktronics has current Total Risk Alpha of 0.3625. 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] |
| = | 0.3625 | |
| ER[a] | = | Expected return on investing in Daktronics |
| ER[b] | = | Expected return on market index or selected benchmark |
| STD[a] | = | Standard Deviation of returns on Daktronics |
| STD[b] | = | Standard Deviation of selected market or benchmark |
| RFR | = | Risk Free Rate of return. Typically T-Bill Rate |
Daktronics Total Risk Alpha Peers Comparison
Daktronics Total Risk Alpha Relative To Other Indicators
Daktronics maintains a
third standing in total risk alpha relative to competitors. It is currently under evaluation in maximum drawdown relative to competitors yielding
75.69 of Maximum Drawdown per Total Risk Alpha. For Daktronics, Maximum Drawdown stands at
75.69 times Total Risk Alpha
The benchmark portfolio represents the market risk matched to the total risk of the stock ETF or fund.
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