Ovid Therapeutics Total Risk Alpha
| OVID Stock | | | USD 2.14 0.23 12.04% |
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Ovid Therapeutics has current Total Risk Alpha of 0.2316. 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] |
| = | 0.2316 | |
| ER[a] | = | Expected return on investing in Ovid Therapeutics |
| ER[b] | = | Expected return on market index or selected benchmark |
| STD[a] | = | Standard Deviation of returns on Ovid Therapeutics |
| STD[b] | = | Standard Deviation of selected market or benchmark |
| RFR | = | Risk Free Rate of return. Typically T-Bill Rate |
Ovid Therapeutics Total Risk Alpha Peers Comparison
Ovid Total Risk Alpha Relative To Other Indicators
Ovid Therapeutics 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 reporting about
156.02 of Maximum Drawdown per Total Risk Alpha. The ratio of Maximum Drawdown to Total Risk Alpha for Ovid Therapeutics is roughly
156.02 The benchmark portfolio represents the market risk matched to the total risk of the stock ETF or fund.
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