Invesco NASDAQ Total Risk Alpha
| QQQJ Etf | | | USD 36.31 0.03 0.08% |
This technical indicator view for Total Risk Alpha organizes signals for Invesco NASDAQ Next and comparable instruments. Coverage depends on data availability and normalization;
Equity Screeners provides additional screening context. Review
Your Equity Center to understand diversified portfolio construction. Clearer exposure analysis supports long-term portfolio balance. This suggests a position in Invesco NASDAQ Next in the portfolio view. Also, note that the market value of any etf could be closely tied with the direction of predictive economic indicators such as
signals in producer price index.
Invesco NASDAQ Next has current Total Risk Alpha of 0.0425. 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] |
| = | 0.0425 | |
| ER[a] | = | Expected return on investing in Invesco NASDAQ |
| ER[b] | = | Expected return on market index or selected benchmark |
| STD[a] | = | Standard Deviation of returns on Invesco NASDAQ |
| STD[b] | = | Standard Deviation of selected market or benchmark |
| RFR | = | Risk Free Rate of return. Typically T-Bill Rate |
Invesco NASDAQ Total Risk Alpha Peers Comparison
Invesco Total Risk Alpha Relative To Other Indicators
Invesco NASDAQ Next is rated
below average in the total risk alpha category versus ETFs. It is currently under evaluation in the maximum drawdown category versus ETFs showing
150.56 of Maximum Drawdown relative to Total Risk Alpha. For Invesco NASDAQ Next, Maximum Drawdown measures
150.56 times Total Risk Alpha
The benchmark portfolio represents the market risk matched to the total risk of the stock ETF or fund.
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