Matrix Advisors Total Risk Alpha
| MADFX Fund | | | USD 35.13 -0.59 -1.65% |
Observed values used to calculate the Total Risk Alpha technical indicator for Matrix Advisors Dividend. Indicator inputs depend on available historical price observations.
Matrix Advisors Dividend has current Total Risk Alpha of 0.0712. 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] |
| = | 0.0712 | |
| ER[a] | = | Expected return on investing in Matrix Advisors |
| ER[b] | = | Expected return on market index or selected benchmark |
| STD[a] | = | Standard Deviation of returns on Matrix Advisors |
| 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
Matrix Advisors Dividend is rated
below average in total risk alpha among similar funds. It is currently under evaluation in maximum drawdown among similar funds reporting about
44.23 of Maximum Drawdown per Total Risk Alpha. At
44.23 , Matrix Advisors Dividend'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 Matrix Advisors to Peers
Other Technical Indicators