Northern Lights Total Risk Alpha
| MDPL Etf | | | 25.54 -0.03 -0.12% |
The Total Risk Alpha calculation for Northern Lights draws on price and volume history. Each data point is derived from standardized price and volume feeds. The depth of trading history affects the precision of the indicator. For portfolio construction context, review
Correlation Analysis. Diversification context helps frame allocation across holdings. The construction of a diversified portfolio involves managing position exposure. All values are based on available data and provided as reference information. This reflects a position in Northern Lights. This is situated within the portfolio 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 employment.
Northern Lights has current Total Risk Alpha of 0.0252. 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] |
| = | 0.0252 | |
| ER[a] | = | Expected return on investing in Northern Lights |
| ER[b] | = | Expected return on market index or selected benchmark |
| STD[a] | = | Standard Deviation of returns on Northern Lights |
| 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
Northern Lights is rated
below average for total risk alpha within its ETF group. It is currently under evaluation for maximum drawdown within its ETF group where Maximum Drawdown runs almost
172.87 per Total Risk Alpha. Northern Lights's Maximum Drawdown registers at
172.87 relative to Total Risk Alpha
The benchmark portfolio represents the market risk matched to the total risk of the stock ETF or fund.
Compare Northern Lights to Peers
Other Technical Indicators