Fidelity Health Total Risk Alpha
| FHSNX Fund | | | USD 10.99 -0.09 -0.81% |
This technical indicator view for Total Risk Alpha organizes signals for Fidelity Health Savings and comparable instruments. Coverage varies by data normalization and availability; see
Equity Screeners for broader screening context. Review
Investing Opportunities to understand diversified portfolio construction. Such insight adds context to allocation decisions within a diversified portfolio. This suggests a position in Fidelity Health Savings within the portfolio mix. 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 inflation.
Fidelity Health Savings has current Total Risk Alpha of 0.0264. 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] |
| = | 0.0264 | |
| ER[a] | = | Expected return on investing in Fidelity Health |
| ER[b] | = | Expected return on market index or selected benchmark |
| STD[a] | = | Standard Deviation of returns on Fidelity Health |
| STD[b] | = | Standard Deviation of selected market or benchmark |
| RFR | = | Risk Free Rate of return. Typically T-Bill Rate |
Fidelity Health Total Risk Alpha Peers Comparison
Fidelity Total Risk Alpha Relative To Other Indicators
Fidelity Health Savings is rated
below average in total risk alpha among similar funds. It is currently under evaluation in maximum drawdown among similar funds reporting about
64.39 of Maximum Drawdown per Total Risk Alpha. At
64.39 , Fidelity Health Savings'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.
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