Financial Industries Total Risk Alpha
| FIDAX Fund | | | USD 12.24 -0.03 -0.24% |
The Total Risk Alpha reading for Financial Industries Fund is computed from historical trading observations. Each data point is derived from standardized price and volume feeds. Review
Investing Opportunities for context on portfolio diversification. The diversification view provides additional analytical depth. The allocation includes a position in Financial Industries Fund. The weighting is determined by the allocation framework in use. 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 nation.
Financial Industries Fund has current Total Risk Alpha of
-0.06. 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] |
| = | -0.06 | |
| ER[a] | = | Expected return on investing in Financial Industries |
| ER[b] | = | Expected return on market index or selected benchmark |
| STD[a] | = | Standard Deviation of returns on Financial Industries |
| 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
Financial Industries Fund is rated
below average in total risk alpha among similar funds. It is currently under evaluation in maximum drawdown among similar funds .
The benchmark portfolio represents the market risk matched to the total risk of the stock ETF or fund.
Compare Financial Industries to Peers
Other Technical Indicators