Formula Total Risk Alpha
| FORTY Stock | | | ILS 38,810 1,070 2.84% |
Observed values used in the Total Risk Alpha indicator for Formula are included in this dataset. Data coverage may vary across sources and reporting intervals. Formula has a market cap of 4.21 B, operating margin of 9.11%, current ratio of 1.44. Allocation context is available in
Investing Opportunities. Portfolio analysis tools can evaluate how Formula fits within a broader allocation. Drawdown analysis shows how each position affects portfolio volatility. Broader economic conditions can influence Formula's company valuation — related indicators include
signals in unemployment.
Formula has current Total Risk Alpha of
-0.24. 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] |
| = | -0.24 | |
| ER[a] | = | Expected return on investing in Formula |
| ER[b] | = | Expected return on market index or selected benchmark |
| STD[a] | = | Standard Deviation of returns on Formula |
| 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
Formula maintains a
fourth standing in total risk alpha relative to competitors. It is currently under evaluation in maximum drawdown relative to competitors .
The benchmark portfolio represents the market risk matched to the total risk of the stock ETF or fund.
Compare Formula to Peers
Other Technical Indicators