JOYY Total Risk Alpha
| JOYY Etf | | | USD 59.80 -0.54 -0.89% |
JOYY total risk alpha lookup summarizes this and related technical indicators for JOYY Inc. Coverage varies by data normalization and availability; see
Equity Screeners for broader screening context. JOYY has market cap of 3.07 B, operating margin of 3.62%, ROE of 27.67%. Use
Risk vs Return Analysis to explore allocation context. This includes a position in JOYY Inc 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 unemployment.
JOYY Inc has current Total Risk Alpha of 0.0078. 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] |
| = | 0.0078 | |
| ER[a] | = | Expected return on investing in JOYY |
| ER[b] | = | Expected return on market index or selected benchmark |
| STD[a] | = | Standard Deviation of returns on JOYY |
| STD[b] | = | Standard Deviation of selected market or benchmark |
| RFR | = | Risk Free Rate of return. Typically T-Bill Rate |
JOYY Total Risk Alpha Peers Comparison
JOYY Total Risk Alpha Relative To Other Indicators
JOYY Inc is rated
below average. in total risk alpha as compared to similar ETFs. It is currently under evaluation. in maximum drawdown as compared to similar ETFs reporting about
1,218 of Maximum Drawdown per Total Risk Alpha. The ratio of Maximum Drawdown to Total Risk Alpha for JOYY Inc is roughly
1,218 The benchmark portfolio represents the market risk matched to the total risk of the stock ETF or fund.
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