Manulife Smart Total Risk Alpha
| UDIV Etf | | | CAD 14.67 -0.12 -0.81% |
This technical indicator view for Total Risk Alpha organizes signals for Manulife Smart Dividend and comparable instruments. Data availability can vary by region and feed;
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Manulife Smart Dividend has current Total Risk Alpha of 0.0847. 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] |
| = | 0.0847 | |
| ER[a] | = | Expected return on investing in Manulife Smart |
| ER[b] | = | Expected return on market index or selected benchmark |
| STD[a] | = | Standard Deviation of returns on Manulife Smart |
| STD[b] | = | Standard Deviation of selected market or benchmark |
| RFR | = | Risk Free Rate of return. Typically T-Bill Rate |
Manulife Smart Total Risk Alpha Peers Comparison
Manulife Total Risk Alpha Relative To Other Indicators
Manulife Smart Dividend lands at
#4 in total risk alpha against similar ETFs. It lands at
#4 in maximum drawdown against similar ETFs producing
51.63 in Maximum Drawdown for each unit of Total Risk Alpha. The spread between Maximum Drawdown and Total Risk Alpha for Manulife Smart Dividend sits at
51.63 The benchmark portfolio represents the market risk matched to the total risk of the stock ETF or fund.
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