| BMA Stock | | | NOK 15.05 0.15 0.99% |
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Byggma has current Total Risk Alpha of
(0.32). 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] |
| = | (0.32) | |
| ER[a] | = | Expected return on investing in Byggma |
| ER[b] | = | Expected return on market index or selected benchmark |
| STD[a] | = | Standard Deviation of returns on Byggma |
| STD[b] | = | Standard Deviation of selected market or benchmark |
| RFR | = | Risk Free Rate of return. Typically T-Bill Rate |
Byggma Total Risk Alpha Peers Comparison
Byggma Total Risk Alpha Relative To Other Indicators
Byggma is rated
fifth in total risk alpha category among its peers. It is currently under evaluation in potential upside category among its peers .
The benchmark portfolio represents the market risk matched to the total risk of the stock ETF or fund.
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