Global X Total Risk Alpha
| DRIV Etf | | | USD 29.32 -1.00 -3.30% |
The Total Risk Alpha indicator for Global X Autonomous is derived from observed market data. The dataset is based on observed market activity where data is available. Some instruments may report limited inputs depending on trading history. Broader indicator relationships are reflected within
Equity Screeners. Global X has a market cap of 617.5 M, operating margin of -1.0%, ROE of -7.18%. Use
Investing Opportunities to explore allocation context. The allocation summary reflects available position data. The portfolio reflects a holding in Global X Autonomous. The position falls within the allocation view. The allocation approach determines the relative weighting of each position. This information is provided for contextual purposes. Also, note that the market value of any etf could be closely tied with the direction of predictive economic indicators such as
signals in gross domestic product.
Global X Autonomous has current Total Risk Alpha of 0.1826. 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] |
| = | 0.1826 | |
| ER[a] | = | Expected return on investing in Global X |
| ER[b] | = | Expected return on market index or selected benchmark |
| STD[a] | = | Standard Deviation of returns on Global X |
| 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
Global X Autonomous stands at number one for total risk alpha relative to ETF peers. It is currently under evaluation for maximum drawdown relative to ETF peers reflecting a
46.18 ratio of Maximum Drawdown to Total Risk Alpha. Global X Autonomous's Maximum Drawdown exceeds Total Risk Alpha by a factor of
46.18 The benchmark portfolio represents the market risk matched to the total risk of the stock ETF or fund.
Compare Global X to Peers
Other Technical Indicators