CALIFORNIA BOND Total Risk Alpha
| USCBX Fund | | | USD 10.09 -0.07 -0.69% |
Observed values used in the Total Risk Alpha indicator for California Bond Fund are included in this dataset. The underlying data comes from exchange-reported trading records. Diversification context is available through
World Market Map. Diversification context is built from the relationships between portfolio holdings. California Bond Fund can be added to a watchlist or portfolio for position tracking. Position weights are derived from the selected portfolio construction methodology. Broader economic conditions can influence California Bond Fund's mutual fund valuation — related indicators include
signals in bureau of labor statistics.
California Bond Fund has current Total Risk Alpha of 2.0E-4. 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] |
| = | 2.0E-4 | |
| ER[a] | = | Expected return on investing in CALIFORNIA BOND |
| ER[b] | = | Expected return on market index or selected benchmark |
| STD[a] | = | Standard Deviation of returns on CALIFORNIA BOND |
| 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
California Bond Fund is rated
below average in total risk alpha among similar funds. It is currently under evaluation in maximum drawdown among similar funds reporting about
4,898 of Maximum Drawdown per Total Risk Alpha.
The benchmark portfolio represents the market risk matched to the total risk of the stock ETF or fund.
Compare CALIFORNIA BOND to Peers
Other Technical Indicators