Skyward Specialty Total Risk Alpha

SKWD Stock   44.69  -0.48  -1.06%   
Observed values used to calculate the Total Risk Alpha technical indicator for Skyward Specialty Insurance. Availability may differ across exchanges, markets, and reporting intervals.
Skyward Specialty Insurance has current Total Risk Alpha of 0.0608. 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]

 = 
0.0608
ER[a] = Expected return on investing in Skyward Specialty
ER[b] = Expected return on market index or selected benchmark
STD[a] =   Standard Deviation of returns on Skyward Specialty
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

Skyward Specialty Insurance holds the #4 position for total risk alpha relative to top peers. It is currently under evaluation for maximum drawdown relative to top peers with a Maximum Drawdown-to-Total Risk Alpha ratio near 186.10 . The Maximum Drawdown to Total Risk Alpha ratio for Skyward Specialty Insurance comes in at 186.10
The benchmark portfolio represents the market risk matched to the total risk of the stock ETF or fund. Compare Skyward Specialty to Peers

Other Technical Indicators