NASDAQ-100 INDEX Total Risk Alpha
| NASDX Fund | | | USD 44.32 0.49 1.12% |
Observed values used to calculate the Total Risk Alpha technical indicator for Nasdaq 100 Index Fund. Values may reflect normalized price or volume observations.
Nasdaq 100 Index Fund has current Total Risk Alpha of
-0.03. 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] |
| = | -0.03 | |
| ER[a] | = | Expected return on investing in NASDAQ-100 INDEX |
| ER[b] | = | Expected return on market index or selected benchmark |
| STD[a] | = | Standard Deviation of returns on NASDAQ-100 INDEX |
| STD[b] | = | Standard Deviation of selected market or benchmark |
| RFR | = | Risk Free Rate of return. Typically T-Bill Rate |
NASDAQ-100 INDEX Total Risk Alpha Peers Comparison
NASDAQ-100 Total Risk Alpha Relative To Other Indicators
Nasdaq 100 Index Fund 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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