IShares Environmental Total Risk Alpha
| EFRA Etf | | | USD 33.26 -0.78 -2.29% |
This module presents the Total Risk Alpha indicator for iShares Environmental Infrastructure using available market inputs. The underlying data comes from exchange-reported trading records. For portfolio construction context, review
Investing Opportunities. Diversification context helps frame allocation across holdings. The construction of a diversified portfolio involves managing position exposure. A position in iShares Environmental Infrastructure is part of the allocation. This appears in the portfolio view. Portfolio construction methods define how positions are sized. The information is presented without directional commentary. Also, note that the market value of any etf could be closely tied with the direction of predictive economic indicators such as
signals in main economic indicators.
iShares Environmental Infrastructure has current Total Risk Alpha of 0.1215. 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] |
| = | 0.1215 | |
| ER[a] | = | Expected return on investing in IShares Environmental |
| ER[b] | = | Expected return on market index or selected benchmark |
| STD[a] | = | Standard Deviation of returns on IShares Environmental |
| 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
iShares Environmental Infrastructure is rated
fifth in total risk alpha compared to similar ETFs. It is currently under evaluation in maximum drawdown compared to similar ETFs reporting about
31.54 of Maximum Drawdown per Total Risk Alpha. At
31.54 , iShares Environmental Infrastructure'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 IShares Environmental to Peers
Other Technical Indicators