American Funds Total Risk Alpha
| MIAWX Fund | | | USD 9.32 -0.02 -0.21% |
The Total Risk Alpha lookup presents technical context for American Funds Multi Sector and related instruments. Availability can vary by instrument;
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Correlation Analysis provides context for diversified portfolio design. Refined allocation visibility enhances overall portfolio context. The allocation includes a position in American Funds Multi Sector within the allocation view. 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 persons.
American Funds Multi Sector has current Total Risk Alpha of
-0.0009. 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] |
| = | -0.0009 | |
| ER[a] | = | Expected return on investing in American Funds |
| ER[b] | = | Expected return on market index or selected benchmark |
| STD[a] | = | Standard Deviation of returns on American Funds |
| STD[b] | = | Standard Deviation of selected market or benchmark |
| RFR | = | Risk Free Rate of return. Typically T-Bill Rate |
American Funds Total Risk Alpha Peers Comparison
American Total Risk Alpha Relative To Other Indicators
American Funds Multi Sector is rated
below average in total risk alpha among similar funds. It is currently under evaluation in maximum drawdown among similar funds .
The benchmark portfolio represents the market risk matched to the total risk of the stock ETF or fund.
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