Mid Cap Total Risk Alpha
| MGPIX Fund | | | USD 113.13 0.67 0.60% |
This dataset for Mid Cap Growth Profund reflects inputs used in the Total Risk Alpha calculation. Data coverage may vary across sources and reporting intervals.
Correlation Analysis frames the approach to diversified portfolio design. The view supports a broader understanding of portfolio structure. This includes a position in Mid Cap Growth Profund. The allocation reflects this within the position set. 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.
Mid Cap Growth Profund has current Total Risk Alpha of 0.1857. 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] |
| = | 0.1857 | |
| ER[a] | = | Expected return on investing in Mid Cap |
| ER[b] | = | Expected return on market index or selected benchmark |
| STD[a] | = | Standard Deviation of returns on Mid Cap |
| 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
Mid Cap Growth Profund ranks first in total risk alpha among similar funds. It is currently under evaluation in maximum drawdown among similar funds reporting about
32.84 of Maximum Drawdown per Total Risk Alpha. At
32.84 , Mid Cap Growth Profund'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 Mid Cap to Peers
Other Technical Indicators