YieldMax Short Total Risk Alpha
| DIPS Etf | | | 49.22 0.21 0.43% |
This technical indicator view for Total Risk Alpha organizes signals for YieldMax Short NVDA and comparable instruments. Some instruments may have limited coverage due to data differences;
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Investing Opportunities to understand diversified portfolio construction. Additional portfolio transparency improves capital positioning. This suggests a position in YieldMax Short NVDA across the allocation. Also, note that the market value of any etf could be closely tied with the direction of predictive economic indicators such as
signals in metropolitan statistical area.
YieldMax Short NVDA has current Total Risk Alpha of 0.1263. 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] |
| = | 0.1263 | |
| ER[a] | = | Expected return on investing in YieldMax Short |
| ER[b] | = | Expected return on market index or selected benchmark |
| STD[a] | = | Standard Deviation of returns on YieldMax Short |
| STD[b] | = | Standard Deviation of selected market or benchmark |
| RFR | = | Risk Free Rate of return. Typically T-Bill Rate |
YieldMax Short Total Risk Alpha Peers Comparison
YieldMax Total Risk Alpha Relative To Other Indicators
YieldMax Short NVDA maintains a
fourth standing in total risk alpha across the ETF category. It is currently under evaluation in maximum drawdown across the ETF category yielding
69.15 of Maximum Drawdown per Total Risk Alpha. For YieldMax Short NVDA, Maximum Drawdown stands at
69.15 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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