SPDR DoubleLine Total Risk Alpha
| STOT Etf | | | USD 47.11 0.02 0.04% |
The Total Risk Alpha technical lookup provides context for SPDR DoubleLine Short and related instruments. Coverage depends on data availability and normalization;
Equity Screeners provides additional screening context.
World Market Map provides context for diversified portfolio construction. Additional portfolio transparency improves capital positioning. The allocation includes a position in SPDR DoubleLine Short across the allocation. Also, note that the market value of any etf could be closely tied with the direction of predictive economic indicators such as
signals in employment.
SPDR DoubleLine Short has current Total Risk Alpha of 0.0051. 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] |
| = | 0.0051 | |
| ER[a] | = | Expected return on investing in SPDR DoubleLine |
| ER[b] | = | Expected return on market index or selected benchmark |
| STD[a] | = | Standard Deviation of returns on SPDR DoubleLine |
| STD[b] | = | Standard Deviation of selected market or benchmark |
| RFR | = | Risk Free Rate of return. Typically T-Bill Rate |
SPDR DoubleLine Total Risk Alpha Peers Comparison
SPDR Total Risk Alpha Relative To Other Indicators
SPDR DoubleLine Short is rated
below average in total risk alpha across the ETF category. It is currently under evaluation in maximum drawdown across the ETF category yielding
74.98 of Maximum Drawdown per Total Risk Alpha. For SPDR DoubleLine Short, Maximum Drawdown stands at
74.98 times Total Risk Alpha
The benchmark portfolio represents the market risk matched to the total risk of the stock ETF or fund.
Build portfolios using Macroaxis predefined set of investing ideas. Many of Macroaxis investing ideas can easily outperform a given market. Ideas can also be optimized per your risk profile before portfolio origination is invoked. Macroaxis thematic optimization helps investors identify companies most likely to benefit from changes or shifts in various micro-economic or local macro-level trends. Originating optimal thematic portfolios involves aligning investors' personal views, ideas, and beliefs with their actual investments.