VALUE LINE Total Risk Alpha
| VLAAX Fund | | | USD 33.61 0.03 0.09% |
VALUE LINE total risk alpha lookup summarizes this and related technical indicators for Value Line Asset. Coverage varies by data normalization and availability; see
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Value Line Asset has current Total Risk Alpha of
-0.05. 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] |
| = | -0.05 | |
| ER[a] | = | Expected return on investing in VALUE LINE |
| ER[b] | = | Expected return on market index or selected benchmark |
| STD[a] | = | Standard Deviation of returns on VALUE LINE |
| STD[b] | = | Standard Deviation of selected market or benchmark |
| RFR | = | Risk Free Rate of return. Typically T-Bill Rate |
VALUE LINE Total Risk Alpha Peers Comparison
VALUE Total Risk Alpha Relative To Other Indicators
Value Line Asset is rated
below average in total risk alpha among similar funds. It is currently under evaluation in maximum drawdown among similar funds .
The benchmark portfolio represents the market risk matched to the total risk of the stock ETF or fund.
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