Freedom Day Total Risk Alpha
| MBOX Etf | | | USD 37.36 -0.01 -0.03% |
This technical indicator view for Total Risk Alpha organizes signals for Freedom Day Dividend and comparable instruments. Data availability can vary by region and feed;
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Correlation Analysis to understand diversified portfolio construction. Broader allocation clarity strengthens diversification analysis. This suggests a position in Freedom Day Dividend inside the allocation mix. Also, note that the market value of any etf could be closely tied with the direction of predictive economic indicators such as
signals in metropolitan statistical area.
Freedom Day Dividend has current Total Risk Alpha of 0.0929. 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] |
| = | 0.0929 | |
| ER[a] | = | Expected return on investing in Freedom Day |
| ER[b] | = | Expected return on market index or selected benchmark |
| STD[a] | = | Standard Deviation of returns on Freedom Day |
| STD[b] | = | Standard Deviation of selected market or benchmark |
| RFR | = | Risk Free Rate of return. Typically T-Bill Rate |
Freedom Day Total Risk Alpha Peers Comparison
Freedom Total Risk Alpha Relative To Other Indicators
Freedom Day Dividend maintains a
fifth in Total Risk Alpha in total risk alpha as compared to similar ETFs. It is currently under evaluation. in maximum drawdown as compared to similar ETFs reporting about
39.68 of Maximum Drawdown per Total Risk Alpha. The ratio of Maximum Drawdown to Total Risk Alpha for Freedom Day Dividend is roughly
39.68 The benchmark portfolio represents the market risk matched to the total risk of the stock ETF or fund.
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