Apple Total Risk Alpha

AAPL -- USA Stock  

USD 214.41  4.34  1.98%

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Apple has current Total Risk Alpha of 0.1248. 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] 
 = 
0.1248
ER[a] =   Expected return on investing in Apple
ER[b] =   Expected return on market index or selected benchmark
STD[a] =   Standard Deviation of returns on Apple
STD[b] =   Standard Deviation of selected market or benchmark
RFR =   Risk Free Rate of return. Typically T-Bill Rate

Total Risk Alpha Comparison

Apple is rated second in total risk alpha category among related companies. It is currently under evaluation in maximum drawdown category among related companies reporting about  70.97  of Maximum Drawdown per Total Risk Alpha. The ratio of Maximum Drawdown to Total Risk Alpha for Apple is roughly  70.97 
The benchmark portfolio represents the market risk matched to the total risk of the stock ETF, or fund.
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