Alcoa Total Risk Alpha

AA -- USA Stock  

USD 35.95  0.01  0.0278%

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Alcoa Corporation has current Total Risk Alpha of 0.1585. The total risk alpha measures the performance of an asset by comparing its returns with those of a selected benchmark portfolio.
Alcoa 
Total Risk Alpha 
 = 
RFR + (ER[b] - ER[a]) 
x  
STD[a] / STD[b] 
 = 
0.1585
ER[a] =   Expected return on investing in Alcoa
ER[b] =   Expected return on market index or selected benchmark
STD[a] =   Standard Deviation of returns on Alcoa
STD[b] =   Standard Deviation of selected market or benchmark
RFR =   Risk Free Rate of return. Typically T-Bill Rate

Total Risk Alpha Comparison

Alcoa Corporation is rated fourth in total risk alpha category among related companies. It is rated third in maximum drawdown category among related companies reporting about  89.71  of Maximum Drawdown per Total Risk Alpha. The ratio of Maximum Drawdown to Total Risk Alpha for Alcoa Corporation is roughly  89.71 
The benchmark portfolio represents the market risk matched to the total risk of the stock ETF, or fund.
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