BASIC MATERIALS Total Risk Alpha
| RYBMX Fund | | | USD 85.63 1.80 2.15% |
Historical market data for Basic Materials Fund forms the basis of the Total Risk Alpha indicator shown here. Coverage may vary depending on data availability and normalization methods. Diversification context is available through
Your Equity Center. This view summarizes available data without implying outcomes. Basic Materials Fund can be included in a portfolio to evaluate diversification impact. All values are presented as reference data. Broader economic conditions can influence Basic Materials Fund's mutual fund valuation — related indicators include
signals in inflation.
Basic Materials Fund has current Total Risk Alpha of 0.301. 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] |
| = | 0.301 | |
| ER[a] | = | Expected return on investing in BASIC MATERIALS |
| ER[b] | = | Expected return on market index or selected benchmark |
| STD[a] | = | Standard Deviation of returns on BASIC MATERIALS |
| 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
Basic Materials Fund ranks first in total risk alpha among similar funds. It is currently under evaluation in maximum drawdown among similar funds reporting about
27.39 of Maximum Drawdown per Total Risk Alpha. At
27.39 , Basic Materials 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.
Compare BASIC MATERIALS to Peers
Other Technical Indicators