FIRST EAGLE Total Risk Alpha
| FEGIX Fund | | | USD 66.79 -0.58 -0.86% |
Observed values used to calculate the Total Risk Alpha technical indicator for First Eagle Gold. Some instruments may provide partial coverage depending on trading history.
First Eagle Gold has current Total Risk Alpha of 0.4469. 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] |
| = | 0.4469 | |
| ER[a] | = | Expected return on investing in FIRST EAGLE |
| ER[b] | = | Expected return on market index or selected benchmark |
| STD[a] | = | Standard Deviation of returns on FIRST EAGLE |
| 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
First Eagle Gold is rated
second in total risk alpha among similar funds. It is currently under evaluation in maximum drawdown among similar funds reporting about
40.71 of Maximum Drawdown per Total Risk Alpha. At
40.71 , First Eagle Gold'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 FIRST EAGLE to Peers
Other Technical Indicators