DOJE Total Risk Alpha
The Total Risk Alpha calculation for DOJE draws on price and volume history. Additional screening context is available through
Equity Screeners. For portfolio construction context, review
Investing Opportunities. The construction of a diversified portfolio involves managing position exposure. DOJE can be included in a portfolio to evaluate diversification impact. Diversification analysis reveals overlap and concentration across holdings. Broader economic conditions can influence DOJE's etf valuation — related indicators include
signals in bureau of economic analysis.
DOJE has current Total Risk Alpha of 0.2047. 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] |
| = | 0.2047 | |
| ER[a] | = | Expected return on investing in DOJE |
| ER[b] | = | Expected return on market index or selected benchmark |
| STD[a] | = | Standard Deviation of returns on DOJE |
| 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
DOJE holds the
#4 position for total risk alpha among peer ETFs. It leads all etfs for maximum drawdown among peer ETFs with a Maximum Drawdown-to-Total Risk Alpha ratio near
170.99 . The Maximum Drawdown to Total Risk Alpha ratio for DOJE comes in at
170.99 The benchmark portfolio represents the market risk matched to the total risk of the stock ETF or fund.
Compare DOJE to Peers
Other Technical Indicators