Hennessy Cornerstone Total Risk Alpha
| HILGX Fund | | | USD 12.30 0.01 0.08% |
Hennessy Cornerstone total risk alpha lookup summarizes this and related technical indicators for Hennessy Nerstone Large. Coverage depends on data availability and normalization;
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Hennessy Nerstone Large has current Total Risk Alpha of 0.1619. 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] |
| = | 0.1619 | |
| ER[a] | = | Expected return on investing in Hennessy Cornerstone |
| ER[b] | = | Expected return on market index or selected benchmark |
| STD[a] | = | Standard Deviation of returns on Hennessy Cornerstone |
| STD[b] | = | Standard Deviation of selected market or benchmark |
| RFR | = | Risk Free Rate of return. Typically T-Bill Rate |
Hennessy Cornerstone Total Risk Alpha Peers Comparison
Hennessy Total Risk Alpha Relative To Other Indicators
Hennessy Nerstone Large is positioned as one of the top mutual funds in total risk alpha among similar funds. It is currently under evaluation. in maximum drawdown among similar funds reporting about
43.23 of Maximum Drawdown per Total Risk Alpha. The ratio of Maximum Drawdown to Total Risk Alpha for Hennessy Nerstone Large is roughly
43.23 The benchmark portfolio represents the market risk matched to the total risk of the stock ETF or fund.
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