Eventide Core Total Risk Alpha
| ETARX Fund | | | USD 8.43 -0.03 -0.35% |
This technical indicator view for Total Risk Alpha organizes signals for Eventide Core Bond and comparable instruments. Availability can vary by instrument;
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Investing Opportunities to understand diversified portfolio construction. Refined allocation visibility enhances overall portfolio context. This suggests a position in Eventide Core Bond within the allocation view. Also, note that the market value of any mutual fund could be closely tied with the direction of predictive economic indicators such as
signals in real.
Eventide Core Bond has current Total Risk Alpha of 0.0097. 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] |
| = | 0.0097 | |
| ER[a] | = | Expected return on investing in Eventide Core |
| ER[b] | = | Expected return on market index or selected benchmark |
| STD[a] | = | Standard Deviation of returns on Eventide Core |
| STD[b] | = | Standard Deviation of selected market or benchmark |
| RFR | = | Risk Free Rate of return. Typically T-Bill Rate |
Eventide Core Total Risk Alpha Peers Comparison
Eventide Total Risk Alpha Relative To Other Indicators
Eventide Core Bond currently holds the
# 5 position in total risk alpha among similar funds. It is currently under evaluation. in maximum drawdown among similar funds reporting about
85.40 of Maximum Drawdown per Total Risk Alpha. The ratio of Maximum Drawdown to Total Risk Alpha for Eventide Core Bond is roughly
85.40 The benchmark portfolio represents the market risk matched to the total risk of the stock ETF or fund.
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