ROYCE PREMIER Total Risk Alpha
| RPFFX Fund | | | USD 10.27 -0.06 -0.58% |
ROYCE PREMIER total risk alpha lookup summarizes this and related technical indicators for Royce Premier Fund. Coverage depends on data availability and normalization;
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Royce Premier Fund has current Total Risk Alpha of 0.3834. 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] |
| = | 0.3834 | |
| ER[a] | = | Expected return on investing in ROYCE PREMIER |
| ER[b] | = | Expected return on market index or selected benchmark |
| STD[a] | = | Standard Deviation of returns on ROYCE PREMIER |
| STD[b] | = | Standard Deviation of selected market or benchmark |
| RFR | = | Risk Free Rate of return. Typically T-Bill Rate |
ROYCE PREMIER Total Risk Alpha Peers Comparison
ROYCE Total Risk Alpha Relative To Other Indicators
Royce Premier Fund ranks first in total risk alpha among similar funds. It is currently under evaluation in maximum drawdown among similar funds reporting about
44.98 of Maximum Drawdown per Total Risk Alpha. At
44.98 , Royce Premier Fund'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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