Alphabet Inc 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])
STD[a] / STD[b]
| = |
|ER[a]|| = || Expected return on investing in Alphabet|
|ER[b]|| = || Expected return on market index or selected benchmark|
|STD[a]|| = || Standard Deviation of returns on Alphabet|
|STD[b]|| = || Standard Deviation of selected market or benchmark|
|RFR|| = || Risk Free Rate of return. Typically T-Bill Rate|
Total Risk Alpha Comparison
Alphabet Inc is rated # 5
in total risk alpha category among related companies. It is currently under evaluation 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.