| 0P000177BA | | | 2.91 0.01 0.34% |
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Abax Balanced Prescient has current Total Risk Alpha of 0.0146. 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] |
| = | 0.0146 | |
| ER[a] | = | Expected return on investing in Abax Balanced |
| ER[b] | = | Expected return on market index or selected benchmark |
| STD[a] | = | Standard Deviation of returns on Abax Balanced |
| STD[b] | = | Standard Deviation of selected market or benchmark |
| RFR | = | Risk Free Rate of return. Typically T-Bill Rate |
Abax Balanced Total Risk Alpha Peers Comparison
Abax Total Risk Alpha Relative To Other Indicators
Abax Balanced Prescient is
second largest fund in total risk alpha among similar funds. It is currently under evaluation in maximum drawdown among similar funds reporting about
196.43 of Maximum Drawdown per Total Risk Alpha. The ratio of Maximum Drawdown to Total Risk Alpha for Abax Balanced Prescient is roughly
196.43 The benchmark portfolio represents the market risk matched to the total risk of the stock ETF or fund.
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