Franklin FTSE Total Risk Alpha
| FLAX Etf | | | USD 31.41 -0.51 -1.60% |
The Total Risk Alpha calculation for Franklin FTSE draws on price and volume history. Each data point is derived from standardized price and volume feeds. The depth of trading history affects the precision of the indicator. Related screening structures are referenced through
Equity Screeners.
Investing Opportunities provides context for diversified portfolio construction. Additional portfolio transparency improves capital positioning. A position in Franklin FTSE Asia appears within the mix. The position is captured in the allocation summary. Also, note that the market value of any etf could be closely tied with the direction of predictive economic indicators such as
signals in nation.
Franklin FTSE Asia has current Total Risk Alpha of 0.2388. 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] |
| = | 0.2388 | |
| ER[a] | = | Expected return on investing in Franklin FTSE |
| ER[b] | = | Expected return on market index or selected benchmark |
| STD[a] | = | Standard Deviation of returns on Franklin FTSE |
| 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
Franklin FTSE Asia is rated
second in total risk alpha compared to similar ETFs. It is currently under evaluation in maximum drawdown compared to similar ETFs reporting about
28.31 of Maximum Drawdown per Total Risk Alpha. At
28.31 , Franklin FTSE Asia'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 Franklin FTSE to Peers
Other Technical Indicators