Ritchie Bros Total Risk Alpha
| RBA Stock | | | CAD 136.92 1.35 1.00% |
Observed values used to calculate the Total Risk Alpha technical indicator for Ritchie Bros Auctioneers. Coverage may vary depending on data feeds and normalization methods.
Ritchie Bros Auctioneers has current Total Risk Alpha of 0.0868. 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] |
| = | 0.0868 | |
| ER[a] | = | Expected return on investing in Ritchie Bros |
| ER[b] | = | Expected return on market index or selected benchmark |
| STD[a] | = | Standard Deviation of returns on Ritchie Bros |
| 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
Ritchie Bros Auctioneers lands at
#5 in total risk alpha compared to key competitors. It is currently under evaluation in maximum drawdown compared to key competitors producing
160.37 in Maximum Drawdown for each unit of Total Risk Alpha. The spread between Maximum Drawdown and Total Risk Alpha for Ritchie Bros Auctioneers sits at
160.37 The benchmark portfolio represents the market risk matched to the total risk of the stock ETF or fund.
Compare Ritchie Bros to Peers
Other Technical Indicators