SmileDirectClub Total Risk Alpha
Observed values used in the Total Risk Alpha indicator for SmileDirectClub are included in this dataset. Data coverage may vary across sources and reporting intervals.
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SmileDirectClub has current Total Risk Alpha of 19.79. 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] |
| = | 19.79 | |
| ER[a] | = | Expected return on investing in SmileDirectClub |
| ER[b] | = | Expected return on market index or selected benchmark |
| STD[a] | = | Standard Deviation of returns on SmileDirectClub |
| 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
SmileDirectClub is ranked
second for total risk alpha against industry peers. It is currently under evaluation for maximum drawdown against industry peers with Maximum Drawdown measuring nearly
50.02 against Total Risk Alpha. Maximum Drawdown runs about
50.02 times Total Risk Alpha for SmileDirectClub
The benchmark portfolio represents the market risk matched to the total risk of the stock ETF or fund.
Compare SmileDirectClub to Peers
Other Technical Indicators