Global X Total Risk Alpha
| QYLG Etf | | | USD 26.09 -0.46 -1.73% |
The Total Risk Alpha profile for Global X Nasdaq is based on historical price and volume observations. The dataset is based on observed market activity where data is available. Coverage may vary depending on data availability and normalization methods. The
Equity Screeners framework provides wider technical analysis context.
Your Equity Center provides context for diversified portfolio construction. Additional portfolio transparency improves capital positioning. The portfolio structure determines how individual positions contribute to the whole. This includes a position in Global X Nasdaq. The allocation reflects this within the position set. Each holding is sized according to the methodology applied to the portfolio. Also, note that the market value of any etf could be closely tied with the direction of predictive economic indicators such as
signals in state.
Global X Nasdaq has current Total Risk Alpha of 0.0655. 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] |
| = | 0.0655 | |
| ER[a] | = | Expected return on investing in Global X |
| ER[b] | = | Expected return on market index or selected benchmark |
| STD[a] | = | Standard Deviation of returns on Global X |
| 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
Global X Nasdaq ranks
fourth among etfs in total risk alpha relative to comparable ETFs. It is currently under evaluation in maximum drawdown relative to comparable ETFs at roughly
66.78 Maximum Drawdown per unit of Total Risk Alpha. Global X Nasdaq carries a
66.78 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.
Compare Global X to Peers
Other Technical Indicators