| DAVE Stock | | | USD 89.64 3.37 3.62% |
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Dave Inc has current Total Risk Alpha of 0.5378. 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] |
| = | 0.5378 | |
| ER[a] | = | Expected return on investing in Dave |
| ER[b] | = | Expected return on market index or selected benchmark |
| STD[a] | = | Standard Deviation of returns on Dave |
| STD[b] | = | Standard Deviation of selected market or benchmark |
| RFR | = | Risk Free Rate of return. Typically T-Bill Rate |
Dave Total Risk Alpha Peers Comparison
Dave Total Risk Alpha Relative To Other Indicators
Dave Inc is one of the top stocks in total risk alpha category among its peers. It is currently under evaluation in maximum drawdown category among its peers reporting about
103.34 of Maximum Drawdown per Total Risk Alpha. The ratio of Maximum Drawdown to Total Risk Alpha for Dave Inc is roughly
103.34 The benchmark portfolio represents the market risk matched to the total risk of the stock ETF or fund.
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