VALUE LINE Total Risk Alpha
| VLEOX Fund | | | USD 60.54 0.08 0.13% |
Observed values used to calculate the Total Risk Alpha technical indicator for Value Line Small. Values may reflect normalized price or volume observations.
Value Line Small has current Total Risk Alpha of 0.0738. 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] |
| = | 0.0738 | |
| 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 |
Total Risk Alpha Peers Comparison
Total Risk Alpha Relative To Other Indicators
Value Line Small is rated
fourth in total risk alpha among similar funds. It is currently under evaluation in maximum drawdown among similar funds reporting about
78.43 of Maximum Drawdown per Total Risk Alpha. At
78.43 , Value Line Small'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.
Compare VALUE LINE to Peers
Other Technical Indicators