Envela Corp Total Risk Alpha
| ELA Stock | | | USD 16.52 1.29 8.47% |
The Total Risk Alpha signal for Envela Corp reflects patterns observed in trading data. All values reflect available price and volume data across reporting intervals. Envela Corp has a market cap of 395.45 M, operating margin of 9.36%, ROE of 24.39%. See
Investing Opportunities for additional portfolio context. The view frames allocation within the broader portfolio. A position in Envela Corp is indicated here. This is part of the broader portfolio composition. Position allocation is driven by the portfolio construction model. Reported data is organized for reference and does not imply a course of action. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as
signals in state.
Our
How to Invest in Envela Corp guide provides practical guidance on trading Envela Stock.
Envela Corp has current Total Risk Alpha of 1.37. 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] |
| = | 1.37 | |
| ER[a] | = | Expected return on investing in Envela Corp |
| ER[b] | = | Expected return on market index or selected benchmark |
| STD[a] | = | Standard Deviation of returns on Envela Corp |
| 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
Envela Corp ranks first in total risk alpha among leading competitors. It is currently under evaluation in maximum drawdown among leading competitors reporting about
18.74 of Maximum Drawdown per Total Risk Alpha. At
18.74 , Envela Corp'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 Envela Corp to Peers
Other Technical Indicators