SPDR SAMPP Total Risk Alpha
| KBE Etf | | | USD 57.85 -0.09 -0.16% |
The Total Risk Alpha reading for SPDR SAMPP Bank is computed from historical trading observations. Normalization methods and data feeds may affect reported values. For portfolio construction context, review
Correlation Analysis. Diversification context helps frame allocation across holdings. The allocation includes a position in SPDR SAMPP Bank. The position falls within the allocation view. Also, note that the market value of any etf could be closely tied with the direction of predictive economic indicators such as various price indices.
SPDR SAMPP Bank has current Total Risk Alpha of 0.051. 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] |
| = | 0.051 | |
| ER[a] | = | Expected return on investing in SPDR SAMPP |
| ER[b] | = | Expected return on market index or selected benchmark |
| STD[a] | = | Standard Deviation of returns on SPDR SAMPP |
| 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
SPDR SAMPP Bank is rated
below average for total risk alpha among peer ETFs. It is currently under evaluation for maximum drawdown among peer ETFs with a Maximum Drawdown-to-Total Risk Alpha ratio near
174.15 . The Maximum Drawdown to Total Risk Alpha ratio for SPDR SAMPP Bank comes in at
174.15 The benchmark portfolio represents the market risk matched to the total risk of the stock ETF or fund.
Compare SPDR SAMPP to Peers
Other Technical Indicators