JP Morgan Total Risk Alpha
| JIRE Etf | | | USD 75.40 -1.46 -1.90% |
Observed values used to calculate the Total Risk Alpha technical indicator for JP Morgan Exchange Traded. Indicator inputs depend on available historical price observations.
JP Morgan Exchange Traded has current Total Risk Alpha of 0.1344. 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] |
| = | 0.1344 | |
| ER[a] | = | Expected return on investing in JP Morgan |
| ER[b] | = | Expected return on market index or selected benchmark |
| STD[a] | = | Standard Deviation of returns on JP Morgan |
| 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
JP Morgan Exchange Traded is rated
below average for total risk alpha among peer ETFs. It is currently under evaluation for maximum drawdown among peer ETFs with a Maximum Drawdown-to-Total Risk Alpha ratio near
41.67 . The Maximum Drawdown to Total Risk Alpha ratio for JP Morgan Exchange Traded comes in at
41.67 The benchmark portfolio represents the market risk matched to the total risk of the stock ETF or fund.
Compare JP Morgan to Peers
Other Technical Indicators