Cloopen Group Total Risk Alpha
| RAASY Stock | | | 2.30 0.20 9.52% |
Reference data associated with the Total Risk Alpha technical indicator for Cloopen Group Holding. Indicator inputs depend on available historical price observations.
Cloopen Group Holding has current Total Risk Alpha of 1.23. 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] |
| = | 1.23 | |
| ER[a] | = | Expected return on investing in Cloopen Group |
| ER[b] | = | Expected return on market index or selected benchmark |
| STD[a] | = | Standard Deviation of returns on Cloopen Group |
| STD[b] | = | Standard Deviation of selected market or benchmark |
| RFR | = | Risk Free Rate of return. Typically T-Bill Rate |
Cloopen Group Total Risk Alpha Peers Comparison
Cloopen Total Risk Alpha Relative To Other Indicators
Cloopen Group Holding is rated
second in total risk alpha among leading competitors. It is currently under evaluation in maximum drawdown among leading competitors reporting about
54.10 of Maximum Drawdown per Total Risk Alpha. At
54.10 , Cloopen Group Holding's Maximum Drawdown-to-Total Risk Alpha multiple reflects the spread between these metrics
The benchmark portfolio represents the market risk matched to the total risk of the stock ETF or fund.
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