Invesco ESG Total Risk Alpha
| QQJG Etf | | | USD 24.82 -0.81 -3.16% |
Technical inputs supporting the Total Risk Alpha indicator for Invesco ESG NASDAQ are shown here. The information is based on observed market data across timeframes.
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Invesco ESG NASDAQ has current Total Risk Alpha of 0.2167. 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] |
| = | 0.2167 | |
| ER[a] | = | Expected return on investing in Invesco ESG |
| ER[b] | = | Expected return on market index or selected benchmark |
| STD[a] | = | Standard Deviation of returns on Invesco ESG |
| 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
Invesco ESG NASDAQ ranks
second among etfs in total risk alpha relative to comparable ETFs. It is currently under evaluation in maximum drawdown relative to comparable ETFs at roughly
29.40 Maximum Drawdown per unit of Total Risk Alpha. Invesco ESG NASDAQ carries a
29.40 x Maximum Drawdown-to-Total Risk Alpha ratio
The benchmark portfolio represents the market risk matched to the total risk of the stock ETF or fund.
Other Technical Indicators