Apple Total Risk Alpha

AAPL -- USA Stock  

USD 219.31  3.29  1.52%

The Macroaxis Technical Indicators lookup allows users to check a given indicator for any equity or select from a set of available 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
Symbol
Refresh
Apple has current Total Risk Alpha of 0.3301. The total risk alpha measures the performance of an asset by comparing its returns with those of a selected benchmark portfolio.
Apple 
Total Risk Alpha 
 = 
RFR + (ER[b] - ER[a]) 
x  
STD[a] / STD[b] 
 = 
0.3301
ER[a] =   Expected return on investing in Apple
ER[b] =   Expected return on market index or selected benchmark
STD[a] =   Standard Deviation of returns on Apple
STD[b] =   Standard Deviation of selected market or benchmark
RFR =   Risk Free Rate of return. Typically T-Bill Rate

Total Risk Alpha Comparison

Apple is rated fifth in total risk alpha category among related companies. It is currently under evaluation in maximum drawdown category among related companies reporting about  23.86  of Maximum Drawdown per Total Risk Alpha. The ratio of Maximum Drawdown to Total Risk Alpha for Apple is roughly  23.86 
The benchmark portfolio represents the market risk matched to the total risk of the stock ETF, or fund.
Compare Apple to competition

Thematic Opportunities

Explore Investment Opportunities

Build portfolios using Macroaxis predefined set of investing ideas. Many of Macroaxis investing ideas can easily outperform a given market. Ideas can also be optimized per your risk profile before portfolio origination is invoked.
Explore Thematic Ideas
Explore Investing Ideas  
Search macroaxis.com