JPX Total Risk Alpha
| JPX Etf | | | USD 195.05 172.12 750.63% |
This technical indicator view for Total Risk Alpha organizes signals for JPX and comparable instruments. Some instruments may have limited coverage due to data differences;
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JPX has current Total Risk Alpha of 0.088. 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] |
| = | 0.088 | |
| ER[a] | = | Expected return on investing in JPX |
| ER[b] | = | Expected return on market index or selected benchmark |
| STD[a] | = | Standard Deviation of returns on JPX |
| STD[b] | = | Standard Deviation of selected market or benchmark |
| RFR | = | Risk Free Rate of return. Typically T-Bill Rate |
JPX Total Risk Alpha Peers Comparison
JPX Total Risk Alpha Relative To Other Indicators
JPX is ranked
second relative to etfs in total risk alpha as compared to similar ETFs. It is ranked
second relative to etfs in maximum drawdown as compared to similar ETFs reporting about
158.10 of Maximum Drawdown per Total Risk Alpha. The ratio of Maximum Drawdown to Total Risk Alpha for JPX is roughly
158.10 The benchmark portfolio represents the market risk matched to the total risk of the stock ETF or fund.
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