| 600114 Stock | | | 16.49 0.46 2.87% |
NBTM New total-risk-alpha technical analysis lookup allows you to check this and other technical indicators for NBTM New Materials 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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NBTM New Materials has current Total Risk Alpha of 0.1301. 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] |
| = | 0.1301 | |
| ER[a] | = | Expected return on investing in NBTM New |
| ER[b] | = | Expected return on market index or selected benchmark |
| STD[a] | = | Standard Deviation of returns on NBTM New |
| STD[b] | = | Standard Deviation of selected market or benchmark |
| RFR | = | Risk Free Rate of return. Typically T-Bill Rate |
NBTM New Total Risk Alpha Peers Comparison
NBTM Total Risk Alpha Relative To Other Indicators
NBTM New Materials is rated
below average in total risk alpha category among its peers. It is currently under evaluation in maximum drawdown category among its peers reporting about
119.85 of Maximum Drawdown per Total Risk Alpha. The ratio of Maximum Drawdown to Total Risk Alpha for NBTM New Materials is roughly
119.85 The benchmark portfolio represents the market risk matched to the total risk of the stock ETF or fund.
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