| 300491 Stock | | | 18.86 0.58 3.17% |
Shijiazhuang Tonhe total-risk-alpha technical analysis lookup allows you to check this and other technical indicators for Shijiazhuang Tonhe Electronics or any other equities. You can select from a set of available technical indicators by clicking on the link to the right. Please note, not all equities are covered by this module due to inconsistencies in global equity categorizations and data normalization technicques. Please check also
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Shijiazhuang Tonhe Electronics has current Total Risk Alpha of 0.4697. 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] |
| = | 0.4697 | |
| ER[a] | = | Expected return on investing in Shijiazhuang Tonhe |
| ER[b] | = | Expected return on market index or selected benchmark |
| STD[a] | = | Standard Deviation of returns on Shijiazhuang Tonhe |
| STD[b] | = | Standard Deviation of selected market or benchmark |
| RFR | = | Risk Free Rate of return. Typically T-Bill Rate |
Shijiazhuang Tonhe Total Risk Alpha Peers Comparison
Shijiazhuang Total Risk Alpha Relative To Other Indicators
Shijiazhuang Tonhe Electronics is rated
second in total risk alpha category among its peers. It is currently under evaluation in maximum drawdown category among its peers reporting about
58.44 of Maximum Drawdown per Total Risk Alpha. The ratio of Maximum Drawdown to Total Risk Alpha for Shijiazhuang Tonhe Electronics is roughly
58.44 The benchmark portfolio represents the market risk matched to the total risk of the stock ETF or fund.
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