MH ELITE Total Risk Alpha
| MHEFX Fund | | | USD 8.71 0.03 0.35% |
Observed values used to calculate the Total Risk Alpha technical indicator for Mh Elite Fund. Technical inputs may vary across markets and data providers.
Mh Elite Fund has current Total Risk Alpha of 0.0173. 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] |
| = | 0.0173 | |
| ER[a] | = | Expected return on investing in MH ELITE |
| ER[b] | = | Expected return on market index or selected benchmark |
| STD[a] | = | Standard Deviation of returns on MH ELITE |
| 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
Mh Elite Fund is rated
fifth in total risk alpha among similar funds. It is currently under evaluation in maximum drawdown among similar funds reporting about
207.03 of Maximum Drawdown per Total Risk Alpha. At
207.03 , Mh Elite Fund'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 MH ELITE to Peers
Other Technical Indicators