Destinations Equity Total Risk Alpha
| DGEFX Fund | | | USD 14.51 0.05 0.35% |
Observed values used to calculate the Total Risk Alpha technical indicator for Destinations Equity Income. Technical inputs may vary across markets and data providers.
Destinations Equity Income has current Total Risk Alpha of 0.252. 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] |
| = | 0.252 | |
| ER[a] | = | Expected return on investing in Destinations Equity |
| ER[b] | = | Expected return on market index or selected benchmark |
| STD[a] | = | Standard Deviation of returns on Destinations Equity |
| 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
Destinations Equity Income ranks first in total risk alpha among similar funds. It is currently under evaluation in maximum drawdown among similar funds reporting about
35.15 of Maximum Drawdown per Total Risk Alpha. At
35.15 , Destinations Equity Income'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 Destinations Equity to Peers
Other Technical Indicators