New Wave Total Risk Alpha
| TRMNFDelisted Stock | | | USD 0.49 0.00 0.00% |
The Total Risk Alpha lookup presents technical context for New Wave Holdings and related instruments. Availability can vary by instrument;
Equity Screeners offers additional screening access. New Wave has a market cap of 658.8 K, operating margin of 134.28%, ROE of -3.16%.
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New Wave Holdings has current Total Risk Alpha of 1.03. 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] |
| = | 1.03 | |
| ER[a] | = | Expected return on investing in New Wave |
| ER[b] | = | Expected return on market index or selected benchmark |
| STD[a] | = | Standard Deviation of returns on New Wave |
| STD[b] | = | Standard Deviation of selected market or benchmark |
| RFR | = | Risk Free Rate of return. Typically T-Bill Rate |
New Wave Total Risk Alpha Peers Comparison
New Total Risk Alpha Relative To Other Indicators
New Wave Holdings ranks
third among pink sheets in total risk alpha across its competitive set. It is currently under evaluation in maximum drawdown across its competitive set at roughly
21.59 Maximum Drawdown per unit of Total Risk Alpha. New Wave Holdings carries a
21.59 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.
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