Kits Eyecare Total Risk Alpha
| KITS Stock | | | CAD 14.30 -0.05 -0.35% |
Observed values used to calculate the Total Risk Alpha technical indicator for Kits Eyecare. Technical inputs may vary across markets and data providers.
Kits Eyecare has current Total Risk Alpha of
-0.10. 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] |
| = | -0.10 | |
| ER[a] | = | Expected return on investing in Kits Eyecare |
| ER[b] | = | Expected return on market index or selected benchmark |
| STD[a] | = | Standard Deviation of returns on Kits Eyecare |
| STD[b] | = | Standard Deviation of selected market or benchmark |
| RFR | = | Risk Free Rate of return. Typically T-Bill Rate |
Kits Eyecare Total Risk Alpha Peers Comparison
Kits Total Risk Alpha Relative To Other Indicators
Kits Eyecare is rated
below average in total risk alpha compared to key competitors. It is currently under evaluation in maximum drawdown compared to key competitors .
The benchmark portfolio represents the market risk matched to the total risk of the stock ETF or fund.
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