Evolve FANGMA Total Risk Alpha
| TECH Etf | | | CAD 19.85 -0.02 -0.10% |
This technical indicator view for Total Risk Alpha organizes signals for Evolve FANGMA Index and comparable instruments. Data availability can vary by region and feed;
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World Market Map to understand diversified portfolio construction. Broader allocation clarity strengthens diversification analysis. This suggests a position in Evolve FANGMA Index inside the allocation mix. Also, note that the market value of any etf could be closely tied with the direction of predictive economic indicators such as
signals in inflation.
Evolve FANGMA Index has current Total Risk Alpha of
-0.12. 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] |
| = | -0.12 | |
| ER[a] | = | Expected return on investing in Evolve FANGMA |
| ER[b] | = | Expected return on market index or selected benchmark |
| STD[a] | = | Standard Deviation of returns on Evolve FANGMA |
| STD[b] | = | Standard Deviation of selected market or benchmark |
| RFR | = | Risk Free Rate of return. Typically T-Bill Rate |
Evolve FANGMA Total Risk Alpha Peers Comparison
Evolve Total Risk Alpha Relative To Other Indicators
Evolve FANGMA Index is rated
below average. in total risk alpha as compared to similar ETFs. It is currently under evaluation. in maximum drawdown as compared to similar ETFs .
The benchmark portfolio represents the market risk matched to the total risk of the stock ETF or fund.
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