MicroSectorsTM Oil Total Risk Alpha
| OILD Etf | | | USD 46.55 -0.31 -0.66% |
Reference data associated with the Total Risk Alpha technical indicator for MicroSectorsTM Oil Gas. Technical inputs may vary across markets and data providers.
MicroSectorsTM Oil Gas has current Total Risk Alpha of
-0.85. 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] |
| = | -0.85 | |
| ER[a] | = | Expected return on investing in MicroSectorsTM Oil |
| ER[b] | = | Expected return on market index or selected benchmark |
| STD[a] | = | Standard Deviation of returns on MicroSectorsTM Oil |
| 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
MicroSectorsTM Oil Gas is rated
below average for total risk alpha among peer ETFs. It is currently under evaluation for maximum drawdown among peer ETFs .
The benchmark portfolio represents the market risk matched to the total risk of the stock ETF or fund.
Compare MicroSectorsTM Oil to Peers
Other Technical Indicators