Tenaris SA Total Risk Alpha
| TNRSF Stock | | | USD 21.10 0.00 0.00% |
Reference data associated with the Total Risk Alpha technical indicator for Tenaris SA. Coverage may vary across instruments due to feed availability.
Tenaris SA has current Total Risk Alpha of 0.2155. 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] |
| = | 0.2155 | |
| ER[a] | = | Expected return on investing in Tenaris SA |
| ER[b] | = | Expected return on market index or selected benchmark |
| STD[a] | = | Standard Deviation of returns on Tenaris SA |
| 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
Tenaris SA is rated
below average in total risk alpha across its competitive set. It is currently under evaluation in maximum drawdown across its competitive set at roughly
56.77 Maximum Drawdown per unit of Total Risk Alpha. Tenaris SA carries a
56.77 x Maximum Drawdown-to-Total Risk Alpha ratio
The benchmark portfolio represents the market risk matched to the total risk of the stock ETF or fund.
Compare Tenaris SA to Peers
Other Technical Indicators