Kurita Water Total Risk Alpha
| KTWIF Stock | | | USD 48.78 -2.33 -4.56% |
The Total Risk Alpha profile for Kurita Water Industries is based on historical price and volume observations. Normalization methods and data feeds may affect reported values. Kurita Water has a market cap of 5.27 B, operating margin of 10.62%, ROE of 9.77%.
Correlation Analysis adds portfolio-level perspective. This suggests a position in Kurita Water Industries. Position weights are derived from the portfolio construction methodology. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as
signals in gross domestic product.
Kurita Water Industries has current Total Risk Alpha of 0.6205. 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] |
| = | 0.6205 | |
| ER[a] | = | Expected return on investing in Kurita Water |
| ER[b] | = | Expected return on market index or selected benchmark |
| STD[a] | = | Standard Deviation of returns on Kurita Water |
| 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
Kurita Water Industries holds the top spot in total risk alpha across its competitive set. It is currently under evaluation in maximum drawdown across its competitive set at roughly
37.73 Maximum Drawdown per unit of Total Risk Alpha. Kurita Water Industries carries a
37.73 x Maximum Drawdown-to-Total Risk Alpha ratio
The benchmark portfolio represents the market risk matched to the total risk of the stock ETF or fund.
Compare Kurita Water to Peers
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