Elon AB Total Risk Alpha
| ELON Stock | | | 19.50 1.50 8.33% |
The Total Risk Alpha lookup presents technical context for Elon AB and related instruments. Data availability can vary by region and feed;
Equity Screeners provides broader screening access. Elon AB has a market cap of 636.02 M, operating margin of 1.03%, ROE of -0.77%.
Investing Opportunities can help frame allocation decisions. The allocation includes a position in Elon AB inside the allocation mix. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as
signals in inflation.
Elon AB has current Total Risk Alpha of 0.4952. 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] |
| = | 0.4952 | |
| ER[a] | = | Expected return on investing in Elon AB |
| ER[b] | = | Expected return on market index or selected benchmark |
| STD[a] | = | Standard Deviation of returns on Elon AB |
| STD[b] | = | Standard Deviation of selected market or benchmark |
| RFR | = | Risk Free Rate of return. Typically T-Bill Rate |
Elon AB Total Risk Alpha Peers Comparison
Elon Total Risk Alpha Relative To Other Indicators
Elon AB maintains a
third standing in total risk alpha relative to competitors. It is currently under evaluation in maximum drawdown relative to competitors yielding
51.91 of Maximum Drawdown per Total Risk Alpha. For Elon AB, Maximum Drawdown stands at
51.91 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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