LyondellBasell Industries Total Risk Alpha
| LYB Stock | | | USD 71.20 0.12 0.17% |
Observed values used to calculate the Total Risk Alpha technical indicator for LyondellBasell Industries NV. Additional screening context is available through
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LyondellBasell Industries NV has current Total Risk Alpha of 0.8962. 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] |
| = | 0.8962 | |
| ER[a] | = | Expected return on investing in LyondellBasell Industries |
| ER[b] | = | Expected return on market index or selected benchmark |
| STD[a] | = | Standard Deviation of returns on LyondellBasell Industries |
| 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
LyondellBasell Industries NV is rated
second in total risk alpha among leading competitors. It is currently under evaluation in maximum drawdown among leading competitors reporting about
14.57 of Maximum Drawdown per Total Risk Alpha. At
14.57 , LyondellBasell Industries NV's Maximum Drawdown-to-Total Risk Alpha multiple reflects the spread between these metrics
The benchmark portfolio represents the market risk matched to the total risk of the stock ETF or fund.
Compare LyondellBasell Industries to Peers
Other Technical Indicators