Orthofix Medical Total Risk Alpha
| OFIX Stock | | | USD 12.33 -0.13 -1.04% |
The Total Risk Alpha technical lookup provides context for Orthofix Medical and related instruments. Coverage varies by data normalization and availability; see
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Your Equity Center provides context for diversified portfolio construction. Such insight adds context to allocation decisions within a diversified portfolio. This reflects a position in Orthofix Medical within the portfolio mix. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as
signals in gross domestic product.
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Orthofix Medical has current Total Risk Alpha of
-0.34. 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] |
| = | -0.34 | |
| ER[a] | = | Expected return on investing in Orthofix Medical |
| ER[b] | = | Expected return on market index or selected benchmark |
| STD[a] | = | Standard Deviation of returns on Orthofix Medical |
| STD[b] | = | Standard Deviation of selected market or benchmark |
| RFR | = | Risk Free Rate of return. Typically T-Bill Rate |
Orthofix Medical Total Risk Alpha Peers Comparison
Orthofix Total Risk Alpha Relative To Other Indicators
Orthofix Medical is rated
below average. in total risk alpha category among its top compatitors. It is currently under evaluation. in maximum drawdown category among its top compatitors .
The benchmark portfolio represents the market risk matched to the total risk of the stock ETF or fund.
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