Nuveen Massachusetts Total Risk Alpha
| NMT Fund | | | USD 11.95 -0.18 -1.48% |
The Total Risk Alpha indicator for Nuveen Massachusetts Quality is derived from observed market data. The dataset is based on observed market activity where data is available. Some instruments may report limited inputs depending on trading history. Broader indicator relationships are reflected within
Equity Screeners. Nuveen Massachusetts has a market cap of 112.59 M, operating margin of 79.03%, ROE of -13.62%. Use
Correlation Analysis to view allocation positioning. Current allocation data is available for review. This suggests a position in Nuveen Massachusetts Quality. This appears in the portfolio view. Also, note that the market value of any fund could be closely tied with the direction of predictive economic indicators such as
signals in state.
Nuveen Massachusetts Quality has current Total Risk Alpha of 0.126. 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] |
| = | 0.126 | |
| ER[a] | = | Expected return on investing in Nuveen Massachusetts |
| ER[b] | = | Expected return on market index or selected benchmark |
| STD[a] | = | Standard Deviation of returns on Nuveen Massachusetts |
| 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
Nuveen Massachusetts Quality maintains a
third standing in total risk alpha among fund peers. It is currently under evaluation in maximum drawdown among fund peers yielding
15.35 of Maximum Drawdown per Total Risk Alpha. For Nuveen Massachusetts Quality, Maximum Drawdown stands at
15.35 times Total Risk Alpha
The benchmark portfolio represents the market risk matched to the total risk of the stock ETF or fund.
Compare Nuveen Massachusetts to Peers
Other Technical Indicators