Global X Total Risk Alpha
| HBAL Etf | | | CAD 17.39 0.15 0.87% |
Observed values used to calculate the Total Risk Alpha technical indicator for Global X Balanced. Coverage may vary depending on data feeds and normalization methods.
Global X Balanced has current Total Risk Alpha of 0.0189. 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] |
| = | 0.0189 | |
| ER[a] | = | Expected return on investing in Global X |
| ER[b] | = | Expected return on market index or selected benchmark |
| STD[a] | = | Standard Deviation of returns on Global X |
| STD[b] | = | Standard Deviation of selected market or benchmark |
| RFR | = | Risk Free Rate of return. Typically T-Bill Rate |
Global X Total Risk Alpha Peers Comparison
Global Total Risk Alpha Relative To Other Indicators
Global X Balanced is rated
below average in total risk alpha against similar ETFs. It is currently under evaluation in maximum drawdown against similar ETFs producing
134.54 in Maximum Drawdown for each unit of Total Risk Alpha. The spread between Maximum Drawdown and Total Risk Alpha for Global X Balanced sits at
134.54 The benchmark portfolio represents the market risk matched to the total risk of the stock ETF or fund.
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