Shopify Total Risk Alpha
| SHOP Stock | | | USD 129.38 0.02 0.02% |
This technical indicator view for Total Risk Alpha organizes signals for Shopify and comparable instruments. Data availability can vary by region and feed;
Equity Screeners provides broader screening access. Shopify has market cap of 174.23 B, P/E of 282.85, operating margin of 20.29%. See
World Market Map for portfolio-level analysis. This suggests a position in Shopify inside the allocation mix. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as
signals in employment.
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Shopify has current Total Risk Alpha of
-0.20. 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] |
| = | -0.20 | |
| ER[a] | = | Expected return on investing in Shopify |
| ER[b] | = | Expected return on market index or selected benchmark |
| STD[a] | = | Standard Deviation of returns on Shopify |
| STD[b] | = | Standard Deviation of selected market or benchmark |
| RFR | = | Risk Free Rate of return. Typically T-Bill Rate |
Shopify Total Risk Alpha Peers Comparison
Shopify Total Risk Alpha Relative To Other Indicators
Shopify is evaluated as
fourth in Total Risk Alpha in total risk alpha category among its top compatitors. It is currently under evaluation. in maximum drawdown category among its top compatitors .
The benchmark portfolio represents the market risk matched to the total risk of the stock ETF or fund.
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