Smart Sand Total Risk Alpha
| SND Stock | | | USD 4.35 0.01 0.23% |
Observed values used to calculate the Total Risk Alpha technical indicator for Smart Sand. Additional screening context is available through
Equity Screeners.
Smart Sand has current Total Risk Alpha of 0.762. 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] |
| = | 0.762 | |
| ER[a] | = | Expected return on investing in Smart Sand |
| ER[b] | = | Expected return on market index or selected benchmark |
| STD[a] | = | Standard Deviation of returns on Smart Sand |
| 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
Smart Sand holds the
#3 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
42.84 . The Maximum Drawdown to Total Risk Alpha ratio for Smart Sand comes in at
42.84 The benchmark portfolio represents the market risk matched to the total risk of the stock ETF or fund.
Compare Smart Sand to Peers
Other Technical Indicators