AdvisorShares Pure Total Risk Alpha
| MSOS Etf | | | USD 3.81 -0.01 -0.26% |
Reference data associated with the Total Risk Alpha technical indicator for AdvisorShares Pure Cannabis. Coverage may vary depending on data feeds and normalization methods.
AdvisorShares Pure Cannabis has current Total Risk Alpha of 0.6611. 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] |
| = | 0.6611 | |
| ER[a] | = | Expected return on investing in AdvisorShares Pure |
| ER[b] | = | Expected return on market index or selected benchmark |
| STD[a] | = | Standard Deviation of returns on AdvisorShares Pure |
| STD[b] | = | Standard Deviation of selected market or benchmark |
| RFR | = | Risk Free Rate of return. Typically T-Bill Rate |
AdvisorShares Pure Total Risk Alpha Peers Comparison
AdvisorShares Total Risk Alpha Relative To Other Indicators
AdvisorShares Pure Cannabis earns the top ranking in total risk alpha across the ETF category. It is currently under evaluation in maximum drawdown across the ETF category yielding
122.77 of Maximum Drawdown per Total Risk Alpha. For AdvisorShares Pure Cannabis, Maximum Drawdown stands at
122.77 times Total Risk Alpha
The benchmark portfolio represents the market risk matched to the total risk of the stock ETF or fund.
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