Tema Monopolies Total Risk Alpha
| TOLL Etf | | | 34.94 -0.19 -0.54% |
The Total Risk Alpha technical lookup provides context for Tema Monopolies and and related instruments. Coverage depends on data availability and normalization;
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Tema Monopolies and has current Total Risk Alpha of 0.0194. 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] |
| = | 0.0194 | |
| ER[a] | = | Expected return on investing in Tema Monopolies |
| ER[b] | = | Expected return on market index or selected benchmark |
| STD[a] | = | Standard Deviation of returns on Tema Monopolies |
| STD[b] | = | Standard Deviation of selected market or benchmark |
| RFR | = | Risk Free Rate of return. Typically T-Bill Rate |
Tema Monopolies Total Risk Alpha Peers Comparison
Tema Total Risk Alpha Relative To Other Indicators
Tema Monopolies and is evaluated as
fifth in total risk alpha as compared to similar ETFs. It is currently under evaluation. in maximum drawdown as compared to similar ETFs reporting about
241.34 of Maximum Drawdown per Total Risk Alpha. The ratio of Maximum Drawdown to Total Risk Alpha for Tema Monopolies and is roughly
241.34 The benchmark portfolio represents the market risk matched to the total risk of the stock ETF or fund.
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