NewCardio Total Risk Alpha
| NWCI Stock | | | USD 0.0001 0.00 0.00% |
Technical inputs supporting the Total Risk Alpha indicator for NewCardio are shown here. Values are derived from historical price and volume observations. NewCardio has a market cap of 3.31 K, operating margin of -157.65%.
Correlation Analysis can help frame allocation decisions. The view reflects the current state of portfolio allocation. The view is constructed from recorded portfolio positions. The content reflects structured data inputs rather than subjective analysis. The holding in NewCardio represents an allocation. This is situated within the portfolio mix. The weighting is determined by the allocation framework in use. This content does not constitute investment advice or a recommendation. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as
signals in median.
For more information on how to buy NewCardio Stock please use our
How to Buy NewCardio Stock guide.
NewCardio has current Total Risk Alpha of 0. 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 | |
| ER[a] | = | Expected return on investing in NewCardio |
| ER[b] | = | Expected return on market index or selected benchmark |
| STD[a] | = | Standard Deviation of returns on NewCardio |
| 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
NewCardio is rated
below average for total risk alpha among direct rivals. It is currently under evaluation for maximum drawdown among direct rivals .
The benchmark portfolio represents the market risk matched to the total risk of the stock ETF or fund.
Compare NewCardio to Peers