Ultra Fund Total Risk Alpha
| TWCCX Fund | | | USD 55.58 0.70 1.28% |
The Total Risk Alpha technical lookup provides context for Ultra Fund C and related instruments. Some instruments may have limited coverage due to data differences;
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Ultra Fund C has current Total Risk Alpha of 0.3965. 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] |
| = | 0.3965 | |
| ER[a] | = | Expected return on investing in Ultra Fund |
| ER[b] | = | Expected return on market index or selected benchmark |
| STD[a] | = | Standard Deviation of returns on Ultra Fund |
| STD[b] | = | Standard Deviation of selected market or benchmark |
| RFR | = | Risk Free Rate of return. Typically T-Bill Rate |
Ultra Fund Total Risk Alpha Peers Comparison
Ultra Total Risk Alpha Relative To Other Indicators
Ultra Fund C ranks first in total risk alpha among similar funds. It is currently under evaluation in maximum drawdown among similar funds reporting about
66.08 of Maximum Drawdown per Total Risk Alpha. At
66.08 , Ultra Fund C'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.
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