Invesco SteelPath Total Risk Alpha
| PIPE Etf | | | 28.91 -0.16 -0.55% |
This technical indicator view for Total Risk Alpha organizes signals for Invesco SteelPath MLP and comparable instruments. Some instruments may have limited coverage due to data differences;
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Invesco SteelPath MLP has current Total Risk Alpha of 0.2893. 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] |
| = | 0.2893 | |
| ER[a] | = | Expected return on investing in Invesco SteelPath |
| ER[b] | = | Expected return on market index or selected benchmark |
| STD[a] | = | Standard Deviation of returns on Invesco SteelPath |
| STD[b] | = | Standard Deviation of selected market or benchmark |
| RFR | = | Risk Free Rate of return. Typically T-Bill Rate |
Invesco SteelPath Total Risk Alpha Peers Comparison
Invesco Total Risk Alpha Relative To Other Indicators
Invesco SteelPath MLP maintains a
third in Total Risk Alpha in total risk alpha as compared to similar ETFs. It is currently under evaluation. in maximum drawdown as compared to similar ETFs reporting about
12.13 of Maximum Drawdown per Total Risk Alpha. The ratio of Maximum Drawdown to Total Risk Alpha for Invesco SteelPath MLP is roughly
12.13 The benchmark portfolio represents the market risk matched to the total risk of the stock ETF or fund.
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