MicroSectors Travel Total Risk Alpha
| FLYD Etf | | | USD 75.90 -7.82 -9.34% |
Observed values used to calculate the Total Risk Alpha technical indicator for MicroSectors Travel 3X. Availability may differ across exchanges, markets, and reporting intervals.
MicroSectors Travel 3X has current Total Risk Alpha of 0.5371. 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] |
| = | 0.5371 | |
| ER[a] | = | Expected return on investing in MicroSectors Travel |
| ER[b] | = | Expected return on market index or selected benchmark |
| STD[a] | = | Standard Deviation of returns on MicroSectors Travel |
| 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
MicroSectors Travel 3X leads all etfs for total risk alpha among peer ETFs. It is currently under evaluation for maximum drawdown among peer ETFs with a Maximum Drawdown-to-Total Risk Alpha ratio near
37.47 . The Maximum Drawdown to Total Risk Alpha ratio for MicroSectors Travel 3X comes in at
37.47 The benchmark portfolio represents the market risk matched to the total risk of the stock ETF or fund.
Compare MicroSectors Travel to Peers
Other Technical Indicators