Grong Sparebank Total Risk Alpha
| GRONG Stock | | | NOK 189.60 -0.40 -0.21% |
The Total Risk Alpha signal for Grong Sparebank reflects patterns observed in trading data. Comparable indicator datasets are structured within
Equity Screeners. Grong Sparebank has a market cap of 635.6 M, operating margin of 54.16%.
Risk vs Return Analysis adds portfolio-level perspective. Tracking Grong Sparebank in a portfolio provides context for performance attribution. Sector and industry exposure becomes visible in the portfolio breakdown. Broader economic conditions can influence Grong Sparebank's company valuation — related indicators include
signals in census.
Grong Sparebank has current Total Risk Alpha of 0.2648. 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] |
| = | 0.2648 | |
| ER[a] | = | Expected return on investing in Grong Sparebank |
| ER[b] | = | Expected return on market index or selected benchmark |
| STD[a] | = | Standard Deviation of returns on Grong Sparebank |
| 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
Grong Sparebank lands at
#4 in total risk alpha compared to key competitors. It lands at
#5 in maximum drawdown compared to key competitors producing
26.49 in Maximum Drawdown for each unit of Total Risk Alpha. The spread between Maximum Drawdown and Total Risk Alpha for Grong Sparebank sits at
26.49 The benchmark portfolio represents the market risk matched to the total risk of the stock ETF or fund.
Compare Grong Sparebank to Peers
Other Technical Indicators