Shelton Green Total Risk Alpha
| NEXIX Fund | | | USD 36.43 0.22 0.61% |
Observed values used to calculate the Total Risk Alpha technical indicator for Shelton Green Alpha. Coverage may vary depending on data feeds and normalization methods.
Shelton Green Alpha has current Total Risk Alpha of 0.1131. 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] |
| = | 0.1131 | |
| ER[a] | = | Expected return on investing in Shelton Green |
| ER[b] | = | Expected return on market index or selected benchmark |
| STD[a] | = | Standard Deviation of returns on Shelton Green |
| 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
Shelton Green Alpha is rated
third in total risk alpha among similar funds. It is currently under evaluation in maximum drawdown among similar funds reporting about
39.82 of Maximum Drawdown per Total Risk Alpha. At
39.82 , Shelton Green Alpha's Maximum Drawdown-to-Total Risk Alpha multiple reflects the spread between these metrics
The benchmark portfolio represents the market risk matched to the total risk of the stock ETF or fund.
Compare Shelton Green to Peers
Other Technical Indicators