First Bancorp Total Risk Alpha
| FNLC Stock | | | USD 27.70 0.19 0.69% |
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First Bancorp has current Total Risk Alpha of 0.1471. 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] |
| = | 0.1471 | |
| ER[a] | = | Expected return on investing in First Bancorp |
| ER[b] | = | Expected return on market index or selected benchmark |
| STD[a] | = | Standard Deviation of returns on First Bancorp |
| STD[b] | = | Standard Deviation of selected market or benchmark |
| RFR | = | Risk Free Rate of return. Typically T-Bill Rate |
First Bancorp Total Risk Alpha Peers Comparison
First Total Risk Alpha Relative To Other Indicators
First Bancorp is rated
below average. in total risk alpha category among its top compatitors. It is currently under evaluation. in maximum drawdown category among its top compatitors reporting about
55.42 of Maximum Drawdown per Total Risk Alpha. The ratio of Maximum Drawdown to Total Risk Alpha for First Bancorp is roughly
55.42 The benchmark portfolio represents the market risk matched to the total risk of the stock ETF or fund.
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