Tofutti Brands Total Risk Alpha
| TOFB Stock | | | USD 0.70 -0.06 -7.89% |
Observed values used to calculate the Total Risk Alpha technical indicator for Tofutti Brands. Certain instruments may report limited data depending on market coverage.
Tofutti Brands has current Total Risk Alpha of 0.6279. 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] |
| = | 0.6279 | |
| ER[a] | = | Expected return on investing in Tofutti Brands |
| ER[b] | = | Expected return on market index or selected benchmark |
| STD[a] | = | Standard Deviation of returns on Tofutti Brands |
| 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
Tofutti Brands is rated
below average in total risk alpha among leading competitors. It is currently under evaluation in maximum drawdown among leading competitors reporting about
43.91 of Maximum Drawdown per Total Risk Alpha. At
43.91 , Tofutti Brands's Maximum Drawdown-to-Total Risk Alpha multiple reflects the spread between these metrics
The benchmark portfolio represents the market risk matched to the total risk of the stock ETF or fund.
Compare Tofutti Brands to Peers
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