NuVim Total Risk Alpha
| NUVM Stock | | | USD 0.0039 -0.0006 -13.33% |
Reference data associated with the Total Risk Alpha technical indicator for NuVim Inc. Technical inputs may vary across markets and data providers.
NuVim Inc has current Total Risk Alpha of
-0.47. 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] |
| = | -0.47 | |
| ER[a] | = | Expected return on investing in NuVim |
| ER[b] | = | Expected return on market index or selected benchmark |
| STD[a] | = | Standard Deviation of returns on NuVim |
| 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
NuVim Inc is rated
below average in total risk alpha compared to key competitors. It is currently under evaluation in maximum drawdown compared to key competitors .
The benchmark portfolio represents the market risk matched to the total risk of the stock ETF or fund.
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