Fidelity Total Risk Alpha
| FULVX Fund | | | USD 11.82 -0.01 -0.08% |
Reference data associated with the Total Risk Alpha technical indicator for Fidelity Low Volatility. Additional screening context is available through
Equity Screeners.
Fidelity Low Volatility has current Total Risk Alpha of 0.0392. 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] |
| = | 0.0392 | |
| ER[a] | = | Expected return on investing in Fidelity |
| ER[b] | = | Expected return on market index or selected benchmark |
| STD[a] | = | Standard Deviation of returns on Fidelity |
| 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
Fidelity Low Volatility is rated
below average in total risk alpha among similar funds. It is currently under evaluation in maximum drawdown among similar funds reporting about
49.63 of Maximum Drawdown per Total Risk Alpha. At
49.63 , Fidelity Low Volatility's Maximum Drawdown-to-Total Risk Alpha multiple reflects the spread between these metrics
The benchmark portfolio represents the market risk matched to the total risk of the stock ETF or fund.
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Other Technical Indicators