Manning Napier Total Risk Alpha
| MCDIX Fund | | | 9.07 -0.05 -0.55% |
The Total Risk Alpha profile for Manning Napier Credit is based on historical price and volume observations. The dataset is based on observed market activity where data is available. For portfolio construction context, review
Correlation Analysis. Clearer exposure analysis supports long-term portfolio balance. This captures an allocation to Manning Napier Credit. This is part of the broader portfolio composition. Also, note that the market value of any mutual fund could be closely tied with the direction of predictive economic indicators such as
signals in gross domestic product.
Manning Napier Credit has current Total Risk Alpha of 0.0098. 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] |
| = | 0.0098 | |
| ER[a] | = | Expected return on investing in Manning Napier |
| ER[b] | = | Expected return on market index or selected benchmark |
| STD[a] | = | Standard Deviation of returns on Manning Napier |
| 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
Manning Napier Credit is rated
below average in total risk alpha among similar funds. It is currently under evaluation in maximum drawdown among similar funds reporting about
67.06 of Maximum Drawdown per Total Risk Alpha. At
67.06 , Manning Napier Credit'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 Manning Napier to Peers
Other Technical Indicators