Evolve Canadian Total Risk Alpha

BANK Etf  CAD 8.29  0.02  0.24%   
Evolve Canadian total-risk-alpha technical analysis lookup allows you to check this and other technical indicators for Evolve Canadian Banks 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 Equity Screeners to view more equity screening tools
  
Evolve Canadian Banks has current Total Risk Alpha of 0.1095. 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]

 = 
0.1095
ER[a] = Expected return on investing in Evolve Canadian
ER[b] = Expected return on market index or selected benchmark
STD[a] =   Standard Deviation of returns on Evolve Canadian
STD[b] = Standard Deviation of selected market or benchmark
RFR = Risk Free Rate of return. Typically T-Bill Rate

Evolve Canadian Total Risk Alpha Peers Comparison

Evolve Total Risk Alpha Relative To Other Indicators

Evolve Canadian Banks is fourth largest ETF in total risk alpha as compared to similar ETFs. It is rated below average in maximum drawdown as compared to similar ETFs reporting about  25.45  of Maximum Drawdown per Total Risk Alpha. The ratio of Maximum Drawdown to Total Risk Alpha for Evolve Canadian Banks is roughly  25.45 
The benchmark portfolio represents the market risk matched to the total risk of the stock ETF or fund.
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