First Asset Total Risk Alpha
| FXM Etf | | | CAD 37.58 0.33 0.89% |
The Total Risk Alpha calculation for First Asset draws on price and volume history. Data availability for the calculation period determines indicator completeness.
Investing Opportunities frames the approach to diversified portfolio design. This view summarizes available data without implying outcomes. Tracking First Asset Morningstar in a portfolio provides context for performance attribution. Sector and industry exposure becomes visible in the portfolio breakdown. Broader economic conditions can influence First Asset Morningstar's etf valuation — related indicators include
signals in inflation.
First Asset Morningstar has current Total Risk Alpha of 0.1828. 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] |
| = | 0.1828 | |
| ER[a] | = | Expected return on investing in First Asset |
| ER[b] | = | Expected return on market index or selected benchmark |
| STD[a] | = | Standard Deviation of returns on First Asset |
| 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
First Asset Morningstar lands at
#4 in total risk alpha against similar ETFs. It is currently under evaluation in maximum drawdown against similar ETFs producing
24.73 in Maximum Drawdown for each unit of Total Risk Alpha. The spread between Maximum Drawdown and Total Risk Alpha for First Asset Morningstar sits at
24.73 The benchmark portfolio represents the market risk matched to the total risk of the stock ETF or fund.
Compare First Asset to Peers
Other Technical Indicators