Jenoptik Total Risk Alpha
| JNPKF Stock | | | USD 29.82 4.23 16.53% |
Reference data associated with the Total Risk Alpha technical indicator for Jenoptik AG. Additional screening context is available through
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Jenoptik AG has current Total Risk Alpha of 0.6601. 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] |
| = | 0.6601 | |
| ER[a] | = | Expected return on investing in Jenoptik |
| ER[b] | = | Expected return on market index or selected benchmark |
| STD[a] | = | Standard Deviation of returns on Jenoptik |
| 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
Jenoptik AG ranks
second among pink sheets in total risk alpha across its competitive set. It is currently under evaluation in maximum drawdown across its competitive set at roughly
10.41 Maximum Drawdown per unit of Total Risk Alpha. Jenoptik AG carries a
10.41 x Maximum Drawdown-to-Total Risk Alpha ratio
The benchmark portfolio represents the market risk matched to the total risk of the stock ETF or fund.
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