Pro Blend Total Risk Alpha
| MNHIX Fund | | | USD 24.56 0.09 0.37% |
Reference data associated with the Total Risk Alpha technical indicator for Pro Blend Maximum Term. Values may reflect normalized price or volume observations.
Pro Blend Maximum Term has current Total Risk Alpha of
-0.02. 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] |
| = | -0.02 | |
| ER[a] | = | Expected return on investing in Pro Blend |
| ER[b] | = | Expected return on market index or selected benchmark |
| STD[a] | = | Standard Deviation of returns on Pro Blend |
| STD[b] | = | Standard Deviation of selected market or benchmark |
| RFR | = | Risk Free Rate of return. Typically T-Bill Rate |
Pro Blend Total Risk Alpha Peers Comparison
Pro Total Risk Alpha Relative To Other Indicators
Pro Blend Maximum Term 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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