Showa Denko Total Risk Alpha
| SHWDY Stock | | | USD 68.59 -8.81 -11.38% |
Showa Denko total risk alpha lookup summarizes this and related technical indicators for Showa Denko KK. Some instruments may have limited coverage due to data differences;
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Showa Denko KK has current Total Risk Alpha of 1.24. 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] |
| = | 1.24 | |
| ER[a] | = | Expected return on investing in Showa Denko |
| ER[b] | = | Expected return on market index or selected benchmark |
| STD[a] | = | Standard Deviation of returns on Showa Denko |
| STD[b] | = | Standard Deviation of selected market or benchmark |
| RFR | = | Risk Free Rate of return. Typically T-Bill Rate |
Showa Denko Total Risk Alpha Peers Comparison
Showa Total Risk Alpha Relative To Other Indicators
Showa Denko KK is regarded as the highest-ranked pink sheet in total risk alpha category among its top compatitors. It is currently under evaluation. in maximum drawdown category among its top compatitors reporting about
13.91 of Maximum Drawdown per Total Risk Alpha. The ratio of Maximum Drawdown to Total Risk Alpha for Showa Denko KK is roughly
13.91 The benchmark portfolio represents the market risk matched to the total risk of the stock ETF or fund.
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