JinkoSolar Holding Total Risk Alpha
| JKS Stock | | | USD 25.46 -0.12 -0.47% |
Reference data associated with the Total Risk Alpha technical indicator for JinkoSolar Holding. Coverage may vary depending on data feeds and normalization methods.
JinkoSolar Holding has current Total Risk Alpha of 0.1736. 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] |
| = | 0.1736 | |
| ER[a] | = | Expected return on investing in JinkoSolar Holding |
| ER[b] | = | Expected return on market index or selected benchmark |
| STD[a] | = | Standard Deviation of returns on JinkoSolar Holding |
| STD[b] | = | Standard Deviation of selected market or benchmark |
| RFR | = | Risk Free Rate of return. Typically T-Bill Rate |
JinkoSolar Holding Total Risk Alpha Peers Comparison
JinkoSolar Total Risk Alpha Relative To Other Indicators
JinkoSolar Holding is rated
below average in total risk alpha relative to competitors. It is currently under evaluation in maximum drawdown relative to competitors yielding
119.20 of Maximum Drawdown per Total Risk Alpha. For JinkoSolar Holding, Maximum Drawdown stands at
119.20 times Total Risk Alpha
The benchmark portfolio represents the market risk matched to the total risk of the stock ETF or fund.
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