Helgeland Sparebank Total Risk Alpha
| HELG Stock | | | NOK 168.00 -2.00 -1.18% |
Observed values used to calculate the Total Risk Alpha technical indicator for Helgeland Sparebank. Some instruments may provide partial coverage depending on trading history.
Helgeland Sparebank has current Total Risk Alpha of 0.0966. 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] |
| = | 0.0966 | |
| ER[a] | = | Expected return on investing in Helgeland Sparebank |
| ER[b] | = | Expected return on market index or selected benchmark |
| STD[a] | = | Standard Deviation of returns on Helgeland 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
Helgeland Sparebank is rated
below average for total risk alpha within its peer group. It is currently under evaluation for maximum drawdown within its peer group where Maximum Drawdown runs almost
69.63 per Total Risk Alpha. Helgeland Sparebank's Maximum Drawdown registers at
69.63 relative to Total Risk Alpha
The benchmark portfolio represents the market risk matched to the total risk of the stock ETF or fund.
Compare Helgeland Sparebank to Peers
Other Technical Indicators