Harvest Eli Total Risk Alpha
| LLHE Etf | | | 8.07 -0.14 -1.71% |
The Total Risk Alpha signal for Harvest Eli Lilly reflects patterns observed in trading data. All values reflect available price and volume data across reporting intervals. Availability can differ across markets, exchanges, and instruments. Use
Correlation Analysis to better understand diversified portfolio construction. The diversification view provides additional analytical depth. Position sizing and allocation together define the portfolio construction approach. A position in Harvest Eli Lilly is indicated here. It is reflected in the overall portfolio structure. Position weights are derived from the portfolio construction methodology. This content does not constitute investment advice or a recommendation. Also, note that the market value of any etf could be closely tied with the direction of predictive economic indicators such as
signals in inflation.
Harvest Eli Lilly has current Total Risk Alpha of 0.1139. 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] |
| = | 0.1139 | |
| ER[a] | = | Expected return on investing in Harvest Eli |
| ER[b] | = | Expected return on market index or selected benchmark |
| STD[a] | = | Standard Deviation of returns on Harvest Eli |
| 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
Harvest Eli Lilly lands at
#2 in total risk alpha against similar ETFs. It is currently under evaluation in maximum drawdown against similar ETFs producing
167.18 in Maximum Drawdown for each unit of Total Risk Alpha. The spread between Maximum Drawdown and Total Risk Alpha for Harvest Eli Lilly sits at
167.18 The benchmark portfolio represents the market risk matched to the total risk of the stock ETF or fund.
Compare Harvest Eli to Peers
Other Technical Indicators