PICTON Income Total Risk Alpha
| PFIN Etf | | | 9.87 -0.04 -0.40% |
This technical indicator view for Total Risk Alpha organizes signals for PICTON Income and comparable instruments. Data availability can vary by region and feed;
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PICTON Income has current Total Risk Alpha of
-0.0015. 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] |
| = | -0.0015 | |
| ER[a] | = | Expected return on investing in PICTON Income |
| ER[b] | = | Expected return on market index or selected benchmark |
| STD[a] | = | Standard Deviation of returns on PICTON Income |
| STD[b] | = | Standard Deviation of selected market or benchmark |
| RFR | = | Risk Free Rate of return. Typically T-Bill Rate |
PICTON Income Total Risk Alpha Peers Comparison
PICTON Total Risk Alpha Relative To Other Indicators
PICTON Income is rated
below average in total risk alpha against similar ETFs. It is rated
below average in maximum drawdown against similar ETFs .
The benchmark portfolio represents the market risk matched to the total risk of the stock ETF or fund.
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