Icon Natural Total Risk Alpha
| ICBAX Fund | | | USD 20.32 0.18 0.89% |
Reference data associated with the Total Risk Alpha technical indicator for Icon Natural Resources. Additional screening context is available through
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Icon Natural Resources has current Total Risk Alpha of 0.2615. 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] |
| = | 0.2615 | |
| ER[a] | = | Expected return on investing in Icon Natural |
| ER[b] | = | Expected return on market index or selected benchmark |
| STD[a] | = | Standard Deviation of returns on Icon Natural |
| 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
Icon Natural Resources is rated
second in total risk alpha among similar funds. It is currently under evaluation in maximum drawdown among similar funds reporting about
21.87 of Maximum Drawdown per Total Risk Alpha. At
21.87 , Icon Natural Resources's Maximum Drawdown-to-Total Risk Alpha multiple reflects the spread between these metrics
The benchmark portfolio represents the market risk matched to the total risk of the stock ETF or fund.
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