Franklin High Total Risk Alpha
| FHYRX Fund | | | USD 8.92 0.01 0.11% |
This technical indicator view for Total Risk Alpha organizes signals for Franklin High Yield and comparable instruments. Availability can vary by instrument;
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Franklin High Yield has current Total Risk Alpha of 0.0221. 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] |
| = | 0.0221 | |
| ER[a] | = | Expected return on investing in Franklin High |
| ER[b] | = | Expected return on market index or selected benchmark |
| STD[a] | = | Standard Deviation of returns on Franklin High |
| STD[b] | = | Standard Deviation of selected market or benchmark |
| RFR | = | Risk Free Rate of return. Typically T-Bill Rate |
Franklin High Total Risk Alpha Peers Comparison
Franklin Total Risk Alpha Relative To Other Indicators
Franklin High Yield is rated
below average in total risk alpha among similar funds. It is currently under evaluation in maximum drawdown among similar funds reporting about
55.48 of Maximum Drawdown per Total Risk Alpha. At
55.48 , Franklin High Yield'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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