Open Lending Total Risk Alpha
| LPRO Stock | | | USD 1.58 0.02 1.28% |
Reference data associated with the Total Risk Alpha technical indicator for Open Lending Corp. Coverage may vary across instruments due to feed availability.
Open Lending Corp has current Total Risk Alpha of 0.1695. 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] |
| = | 0.1695 | |
| ER[a] | = | Expected return on investing in Open Lending |
| ER[b] | = | Expected return on market index or selected benchmark |
| STD[a] | = | Standard Deviation of returns on Open Lending |
| STD[b] | = | Standard Deviation of selected market or benchmark |
| RFR | = | Risk Free Rate of return. Typically T-Bill Rate |
Open Lending Total Risk Alpha Peers Comparison
Open Total Risk Alpha Relative To Other Indicators
Open Lending Corp lands at
#3 in total risk alpha compared to key competitors. It is currently under evaluation in maximum drawdown compared to key competitors producing
155.27 in Maximum Drawdown for each unit of Total Risk Alpha. The spread between Maximum Drawdown and Total Risk Alpha for Open Lending Corp sits at
155.27 The benchmark portfolio represents the market risk matched to the total risk of the stock ETF or fund.
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