First Asset Total Risk Alpha
| FDL Etf | | | 40.45 -0.08 -0.20% |
The Total Risk Alpha technical lookup provides context for First Asset Canadian and related instruments. Some instruments may have limited coverage due to data differences;
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Investing Opportunities provides context for diversified portfolio construction. Broader allocation clarity strengthens diversification analysis. This suggests a position in First Asset Canadian in the portfolio view. Also, note that the market value of any etf could be closely tied with the direction of predictive economic indicators such as
signals in metropolitan statistical area.
First Asset Canadian has current Total Risk Alpha of 0.2283. 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] |
| = | 0.2283 | |
| ER[a] | = | Expected return on investing in First Asset |
| ER[b] | = | Expected return on market index or selected benchmark |
| STD[a] | = | Standard Deviation of returns on First Asset |
| STD[b] | = | Standard Deviation of selected market or benchmark |
| RFR | = | Risk Free Rate of return. Typically T-Bill Rate |
First Asset Total Risk Alpha Peers Comparison
First Total Risk Alpha Relative To Other Indicators
First Asset Canadian lands at
#2 in total risk alpha against similar ETFs. It is currently under evaluation in maximum drawdown against similar ETFs producing
21.98 in Maximum Drawdown for each unit of Total Risk Alpha. The spread between Maximum Drawdown and Total Risk Alpha for First Asset Canadian sits at
21.98 The benchmark portfolio represents the market risk matched to the total risk of the stock ETF or fund.
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