Global X Total Risk Alpha
| HUZ Etf | | | CAD 33.40 0.32 0.97% |
Observed values used to calculate the Total Risk Alpha technical indicator for Global X Silver. Coverage may vary depending on data feeds and normalization methods.
Global X Silver has current Total Risk Alpha of 0.7884. 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] |
| = | 0.7884 | |
| 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 Silver lands at
#2 in total risk alpha against similar ETFs. It is currently under evaluation in maximum drawdown against similar ETFs producing
47.01 in Maximum Drawdown for each unit of Total Risk Alpha. The spread between Maximum Drawdown and Total Risk Alpha for Global X Silver sits at
47.01 The benchmark portfolio represents the market risk matched to the total risk of the stock ETF or fund.
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