New Economy Total Risk Alpha

RNGCX Fund  USD 66.16  0.87  1.33%   
New Economy total-risk-alpha technical analysis lookup allows you to check this and other technical indicators for New Economy Fund 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
  
New Economy Fund has current Total Risk Alpha of (0.02). 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]

 = 
(0.02)
ER[a] = Expected return on investing in New Economy
ER[b] = Expected return on market index or selected benchmark
STD[a] =   Standard Deviation of returns on New Economy
STD[b] = Standard Deviation of selected market or benchmark
RFR = Risk Free Rate of return. Typically T-Bill Rate

New Economy Total Risk Alpha Peers Comparison

New Total Risk Alpha Relative To Other Indicators

The benchmark portfolio represents the market risk matched to the total risk of the stock ETF or fund.
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