Nova Fund Total Risk Alpha
| RYANX Fund | | | USD 146.83 2.45 1.70% |
The Total Risk Alpha profile for Nova Fund Class is based on historical price and volume observations. All inputs reflect available trading data across supported markets. Review
Your Equity Center for context on portfolio diversification. All values are based on available data and provided as reference information. Portfolio tools allow users to monitor Nova Fund Class alongside other positions. How positions are weighted depends on the construction approach applied. Broader economic conditions can influence Nova Fund Class's mutual fund valuation — related indicators include
signals in inflation.
Nova Fund Class has current Total Risk Alpha of 0.004. 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] |
| = | 0.004 | |
| ER[a] | = | Expected return on investing in Nova Fund |
| ER[b] | = | Expected return on market index or selected benchmark |
| STD[a] | = | Standard Deviation of returns on Nova Fund |
| 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
Nova Fund Class is rated
below average in total risk alpha among similar funds. It is currently under evaluation in maximum drawdown among similar funds reporting about
1,316 of Maximum Drawdown per Total Risk Alpha.
The benchmark portfolio represents the market risk matched to the total risk of the stock ETF or fund.
Compare Nova Fund to Peers
Other Technical Indicators