Middlefield Healthcare Total Risk Alpha
| MHCD Etf | | | 11.50 0.04 0.35% |
Observed values used to calculate the Total Risk Alpha technical indicator for Middlefield Healthcare Dividend. Certain instruments may report limited data depending on market coverage.
Middlefield Healthcare Dividend has current Total Risk Alpha of 0.0241. 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] |
| = | 0.0241 | |
| ER[a] | = | Expected return on investing in Middlefield Healthcare |
| ER[b] | = | Expected return on market index or selected benchmark |
| STD[a] | = | Standard Deviation of returns on Middlefield Healthcare |
| 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
Middlefield Healthcare Dividend is rated
below average in total risk alpha against similar ETFs. It lands at
#5 in maximum drawdown against similar ETFs producing
188.80 in Maximum Drawdown for each unit of Total Risk Alpha. The spread between Maximum Drawdown and Total Risk Alpha for Middlefield Healthcare Dividend sits at
188.80 The benchmark portfolio represents the market risk matched to the total risk of the stock ETF or fund.
Compare Middlefield Healthcare to Peers
Other Technical Indicators