IShares Basic Total Risk Alpha
| IYM Etf | | | USD 174.53 0.02 0.01% |
Reference data associated with the Total Risk Alpha technical indicator for iShares Basic Materials. Some instruments may provide partial coverage depending on trading history.
iShares Basic Materials has current Total Risk Alpha of 0.3202. 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] |
| = | 0.3202 | |
| ER[a] | = | Expected return on investing in IShares Basic |
| ER[b] | = | Expected return on market index or selected benchmark |
| STD[a] | = | Standard Deviation of returns on IShares Basic |
| STD[b] | = | Standard Deviation of selected market or benchmark |
| RFR | = | Risk Free Rate of return. Typically T-Bill Rate |
IShares Basic Total Risk Alpha Peers Comparison
IShares Total Risk Alpha Relative To Other Indicators
iShares Basic Materials lands at
#2 in total risk alpha against similar ETFs. It is currently under evaluation in maximum drawdown against similar ETFs producing
19.12 in Maximum Drawdown for each unit of Total Risk Alpha. The spread between Maximum Drawdown and Total Risk Alpha for iShares Basic Materials sits at
19.12 The benchmark portfolio represents the market risk matched to the total risk of the stock ETF or fund.
Build portfolios using Macroaxis predefined set of investing ideas. Many of Macroaxis investing ideas can easily outperform a given market. Ideas can also be optimized per your risk profile before portfolio origination is invoked. Macroaxis thematic optimization helps investors identify companies most likely to benefit from changes or shifts in various micro-economic or local macro-level trends. Originating optimal thematic portfolios involves aligning investors' personal views, ideas, and beliefs with their actual investments.