MicroSectors FANG Total Risk Alpha
| FNGU Etf | | | USD 19.39 0.01 0.05% |
Reference data associated with the Total Risk Alpha technical indicator for MicroSectors FANG Index. Values may reflect normalized price or volume observations.
MicroSectors FANG Index has current Total Risk Alpha of
-0.41. 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] |
| = | -0.41 | |
| ER[a] | = | Expected return on investing in MicroSectors FANG |
| ER[b] | = | Expected return on market index or selected benchmark |
| STD[a] | = | Standard Deviation of returns on MicroSectors FANG |
| 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 FANG Index is rated
below average in total risk alpha across the ETF category. It is currently under evaluation in maximum drawdown across the ETF category .
The benchmark portfolio represents the market risk matched to the total risk of the stock ETF or fund.
Compare MicroSectors FANG to Peers
Other Technical Indicators