Health Care Total Risk Alpha
| XLV Etf | | | USD 146.62 0.01 0.01% |
The Total Risk Alpha reading for Health Care Select is computed from historical trading observations. Each data point is derived from standardized price and volume feeds. Indicator reliability depends on the continuity of available trading data. Extended technical indicator views are accessible through
Equity Screeners. Health Care has a market cap of 27.08 B. Review
Your Current Watchlist for broader portfolio context. The overview captures current portfolio composition. The portfolio view uses available data to frame composition. The portfolio reflects a holding in Health Care Select. The weighting is visible within the allocation breakdown. The relative size of each holding follows the allocation framework. This content does not constitute investment advice or a recommendation. Also, note that the market value of any etf could be closely tied with the direction of predictive economic indicators such as
signals in state.
Health Care Select has current Total Risk Alpha of 0.02. 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] |
| = | 0.02 | |
| ER[a] | = | Expected return on investing in Health Care |
| ER[b] | = | Expected return on market index or selected benchmark |
| STD[a] | = | Standard Deviation of returns on Health Care |
| 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
Health Care Select is rated
below average for total risk alpha relative to ETF peers. It is currently under evaluation for maximum drawdown relative to ETF peers reflecting a
198.33 ratio of Maximum Drawdown to Total Risk Alpha.
The benchmark portfolio represents the market risk matched to the total risk of the stock ETF or fund.
Compare Health Care to Peers
Other Technical Indicators