Rio Tinto Total Risk Alpha
| RIO Stock | | | USD 89.80 -0.06 -0.07% |
Reference data associated with the Total Risk Alpha technical indicator for Rio Tinto ADR. Indicator inputs depend on available historical price observations.
Rio Tinto ADR has current Total Risk Alpha of 0.4059. 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] |
| = | 0.4059 | |
| ER[a] | = | Expected return on investing in Rio Tinto |
| ER[b] | = | Expected return on market index or selected benchmark |
| STD[a] | = | Standard Deviation of returns on Rio Tinto |
| 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
Rio Tinto ADR lands at
#5 in total risk alpha compared to key competitors. It is currently under evaluation in maximum drawdown compared to key competitors producing
23.97 in Maximum Drawdown for each unit of Total Risk Alpha. The spread between Maximum Drawdown and Total Risk Alpha for Rio Tinto ADR sits at
23.97 The benchmark portfolio represents the market risk matched to the total risk of the stock ETF or fund.
Compare Rio Tinto to Peers
Other Technical Indicators