Shanghai Putailai Total Risk Alpha

603659 Stock   17.20  0.17  1.00%   
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Shanghai Putailai New has current Total Risk Alpha of 0.5596. 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]

 = 
0.5596
ER[a] = Expected return on investing in Shanghai Putailai
ER[b] = Expected return on market index or selected benchmark
STD[a] =   Standard Deviation of returns on Shanghai Putailai
STD[b] = Standard Deviation of selected market or benchmark
RFR = Risk Free Rate of return. Typically T-Bill Rate

Shanghai Putailai Total Risk Alpha Peers Comparison

Shanghai Total Risk Alpha Relative To Other Indicators

Shanghai Putailai New is rated fourth in total risk alpha category among its peers. It is currently under evaluation in maximum drawdown category among its peers reporting about  35.72  of Maximum Drawdown per Total Risk Alpha. The ratio of Maximum Drawdown to Total Risk Alpha for Shanghai Putailai New is roughly  35.72 
The benchmark portfolio represents the market risk matched to the total risk of the stock ETF or fund.
Compare Shanghai Putailai to Peers

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