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Alcoa Inc has current Total Risk Alpha of (0.14). 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])
STD[a] / STD[b]
| = |
|ER[a]|| = || Expected return on investing in Alcoa|
|ER[b]|| = || Expected return on market index or selected benchmark|
|STD[a]|| = || Standard Deviation of returns on Alcoa|
|STD[b]|| = || Standard Deviation of selected market or benchmark|
|RFR|| = || Risk Free Rate of return. Typically T-Bill Rate|
Total Risk Alpha Comparison
Alcoa Inc is rated fifth
in total risk alpha category among related companies. It is rated second
in maximum drawdown category among related companies .
The benchmark portfolio represents the market risk matched to the total risk of the stock ETF, or fund.