FirstService Corp Total Risk Alpha
| FSV Stock | | | USD 142.79 0.83 0.58% |
Observed values used to calculate the Total Risk Alpha technical indicator for FirstService Corp. Coverage may vary across instruments due to feed availability.
FirstService Corp has current Total Risk Alpha of
-0.01. 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] |
| = | -0.01 | |
| ER[a] | = | Expected return on investing in FirstService Corp |
| ER[b] | = | Expected return on market index or selected benchmark |
| STD[a] | = | Standard Deviation of returns on FirstService Corp |
| STD[b] | = | Standard Deviation of selected market or benchmark |
| RFR | = | Risk Free Rate of return. Typically T-Bill Rate |
FirstService Corp Total Risk Alpha Peers Comparison
FirstService Total Risk Alpha Relative To Other Indicators
FirstService Corp is rated
below average for total risk alpha across the peer group. It is currently under evaluation for maximum drawdown across the peer group .
The benchmark portfolio represents the market risk matched to the total risk of the stock ETF or fund.
Build portfolios using Macroaxis predefined set of investing ideas. Many of Macroaxis investing ideas can easily outperform a given market. Ideas can also be optimized per your risk profile before portfolio origination is invoked. Macroaxis thematic optimization helps investors identify companies most likely to benefit from changes or shifts in various micro-economic or local macro-level trends. Originating optimal thematic portfolios involves aligning investors' personal views, ideas, and beliefs with their actual investments.