Evolution Gaming Total Risk Alpha
| EVVTY Stock | | | USD 63.44 0.66 1.05% |
Reference data associated with the Total Risk Alpha technical indicator for Evolution Gaming Group. Coverage may vary depending on data feeds and normalization methods.
Evolution Gaming Group has current Total Risk Alpha of 0.107. 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] |
| = | 0.107 | |
| ER[a] | = | Expected return on investing in Evolution Gaming |
| ER[b] | = | Expected return on market index or selected benchmark |
| STD[a] | = | Standard Deviation of returns on Evolution Gaming |
| 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
Evolution Gaming Group is rated
fourth in total risk alpha among leading competitors. It is currently under evaluation in maximum drawdown among leading competitors reporting about
84.52 of Maximum Drawdown per Total Risk Alpha. At
84.52 , Evolution Gaming Group'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 Evolution Gaming to Peers
Other Technical Indicators