Ingevity Corp Total Risk Alpha
| NGVT Stock | | | USD 64.61 0.54 0.84% |
The Total Risk Alpha lookup presents technical context for Ingevity Corp and related instruments. Coverage depends on data availability and normalization;
Equity Screeners provides additional screening context. Ingevity Corp has a market cap of 2.32 B, operating margin of 15.21%, ROE of -133.66%.
Correlation Analysis can help frame allocation decisions. The allocation includes a position in Ingevity Corp in the portfolio view. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as
signals in private.
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Ingevity Corp has current Total Risk Alpha of 0.3923. 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] |
| = | 0.3923 | |
| ER[a] | = | Expected return on investing in Ingevity Corp |
| ER[b] | = | Expected return on market index or selected benchmark |
| STD[a] | = | Standard Deviation of returns on Ingevity Corp |
| STD[b] | = | Standard Deviation of selected market or benchmark |
| RFR | = | Risk Free Rate of return. Typically T-Bill Rate |
Ingevity Corp Total Risk Alpha Peers Comparison
Ingevity Total Risk Alpha Relative To Other Indicators
Ingevity Corp is rated
below average in total risk alpha relative to competitors. It is currently under evaluation in maximum drawdown relative to competitors yielding
22.46 of Maximum Drawdown per Total Risk Alpha. For Ingevity Corp, Maximum Drawdown stands at
22.46 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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