DeFiance Daily Total Risk Alpha
| IONZ Etf | | | 20.58 -0.31 -1.48% |
This technical indicator view for Total Risk Alpha organizes signals for Defiance Daily Target and comparable instruments. Coverage varies by data normalization and availability; see
Equity Screeners for broader screening context. Review
Risk vs Return Analysis to understand diversified portfolio construction. Such insight adds context to allocation decisions within a diversified portfolio. This suggests a position in Defiance Daily Target within the portfolio mix. Also, note that the market value of any etf could be closely tied with the direction of predictive economic indicators such as
signals in inflation.
Defiance Daily Target has current Total Risk Alpha of 1.48. 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] |
| = | 1.48 | |
| ER[a] | = | Expected return on investing in DeFiance Daily |
| ER[b] | = | Expected return on market index or selected benchmark |
| STD[a] | = | Standard Deviation of returns on DeFiance Daily |
| STD[b] | = | Standard Deviation of selected market or benchmark |
| RFR | = | Risk Free Rate of return. Typically T-Bill Rate |
DeFiance Daily Total Risk Alpha Peers Comparison
DeFiance Total Risk Alpha Relative To Other Indicators
Defiance Daily Target ranks first in total risk alpha compared to similar ETFs. It is currently under evaluation in maximum drawdown compared to similar ETFs reporting about
48.45 of Maximum Drawdown per Total Risk Alpha. At
48.45 , Defiance Daily Target'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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