Strongpoint ASA Total Risk Alpha
| STRO Stock | | | NOK 10.00 -0.05 -0.50% |
Observed values used to calculate the Total Risk Alpha technical indicator for Strongpoint ASA. Certain instruments may report limited data depending on market coverage.
Strongpoint ASA has current Total Risk Alpha of 0.0759. 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] |
| = | 0.0759 | |
| ER[a] | = | Expected return on investing in Strongpoint ASA |
| ER[b] | = | Expected return on market index or selected benchmark |
| STD[a] | = | Standard Deviation of returns on Strongpoint ASA |
| 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
Strongpoint ASA is rated
below average for total risk alpha within its peer group. It is currently under evaluation for maximum drawdown within its peer group where Maximum Drawdown runs almost
168.67 per Total Risk Alpha. Strongpoint ASA's Maximum Drawdown registers at
168.67 relative to Total Risk Alpha
The benchmark portfolio represents the market risk matched to the total risk of the stock ETF or fund.
Compare Strongpoint ASA to Peers
Other Technical Indicators