VictoryShares WestEnd Total Risk Alpha
| MODL Etf | | | USD 45.20 -0.15 -0.33% |
The Total Risk Alpha profile for VictoryShares WestEnd Sector is based on historical price and volume observations. The dataset is based on observed market activity where data is available. VictoryShares WestEnd has a market cap of 540.48 M.
Correlation Analysis adds portfolio-level perspective. The portfolio structure is presented for analytical context. The view is constructed from recorded portfolio positions. All figures are based on reported data and are informational in nature. The holding in VictoryShares WestEnd Sector represents an allocation. It is represented within the portfolio holdings. Also, note that the market value of any etf could be closely tied with the direction of predictive economic indicators such as
signals in discontinued.
VictoryShares WestEnd Sector has current Total Risk Alpha of
-0.0036. 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] |
| = | -0.0036 | |
| ER[a] | = | Expected return on investing in VictoryShares WestEnd |
| ER[b] | = | Expected return on market index or selected benchmark |
| STD[a] | = | Standard Deviation of returns on VictoryShares WestEnd |
| 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
VictoryShares WestEnd Sector is rated
below average for total risk alpha within its ETF group. It is currently under evaluation for maximum drawdown within its ETF group .
The benchmark portfolio represents the market risk matched to the total risk of the stock ETF or fund.
Compare VictoryShares WestEnd to Peers
Other Technical Indicators