Hidrovias Total Risk Alpha
| HBSA3 Stock | | | BRL 3.86 0.08 2.12% |
Reference data associated with the Total Risk Alpha technical indicator for Hidrovias do Brasil. Certain instruments may report limited data depending on market coverage.
Hidrovias do Brasil has current Total Risk Alpha of 0.1636. 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] |
| = | 0.1636 | |
| ER[a] | = | Expected return on investing in Hidrovias |
| ER[b] | = | Expected return on market index or selected benchmark |
| STD[a] | = | Standard Deviation of returns on Hidrovias |
| 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
Hidrovias do Brasil maintains a
fourth standing in total risk alpha relative to competitors. It is currently under evaluation in maximum drawdown relative to competitors yielding
80.92 of Maximum Drawdown per Total Risk Alpha. For Hidrovias do Brasil, Maximum Drawdown stands at
80.92 times Total Risk Alpha
The benchmark portfolio represents the market risk matched to the total risk of the stock ETF or fund.
Compare Hidrovias to Peers
Other Technical Indicators