| EHLS Etf | | | 23.20 0.24 1.02% |
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Even Herd Long has current Total Risk Alpha of 0.0489. 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] |
| = | 0.0489 | |
| ER[a] | = | Expected return on investing in Even Herd |
| ER[b] | = | Expected return on market index or selected benchmark |
| STD[a] | = | Standard Deviation of returns on Even Herd |
| STD[b] | = | Standard Deviation of selected market or benchmark |
| RFR | = | Risk Free Rate of return. Typically T-Bill Rate |
Even Herd Total Risk Alpha Peers Comparison
Even Total Risk Alpha Relative To Other Indicators
Even Herd Long is rated
# 2 ETF in total risk alpha as compared to similar ETFs. It is rated
# 2 ETF in maximum drawdown as compared to similar ETFs reporting about
77.69 of Maximum Drawdown per Total Risk Alpha. The ratio of Maximum Drawdown to Total Risk Alpha for Even Herd Long is roughly
77.69 The benchmark portfolio represents the market risk matched to the total risk of the stock ETF or fund.
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