REGIONAL BANK Total Risk Alpha
| JRBFX Fund | | | USD 28.47 -0.03 -0.11% |
Observed values used to calculate the Total Risk Alpha technical indicator for Regional Bank Fund. Coverage may vary depending on data feeds and normalization methods.
Regional Bank Fund has current Total Risk Alpha of 0.1188. 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] |
| = | 0.1188 | |
| ER[a] | = | Expected return on investing in REGIONAL BANK |
| ER[b] | = | Expected return on market index or selected benchmark |
| STD[a] | = | Standard Deviation of returns on REGIONAL BANK |
| 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
Regional Bank Fund is rated
second in total risk alpha among similar funds. It is currently under evaluation in maximum drawdown among similar funds reporting about
93.56 of Maximum Drawdown per Total Risk Alpha. At
93.56 , Regional Bank Fund's Maximum Drawdown-to-Total Risk Alpha multiple reflects the spread between these metrics
The benchmark portfolio represents the market risk matched to the total risk of the stock ETF or fund.
Compare REGIONAL BANK to Peers
Other Technical Indicators