Chevron Total Risk Alpha

CVX -- USA Stock  

USD 118.14  0.67  0.57%

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Chevron Corporation has current Total Risk Alpha of 0.2045. The total risk alpha measures the performance of an asset by comparing its returns with those of a selected benchmark portfolio.
Chevron 
Total Risk Alpha 
 = 
RFR + (ER[b] - ER[a]) 
x  
STD[a] / STD[b] 
 = 
0.2045
ER[a] =   Expected return on investing in Chevron
ER[b] =   Expected return on market index or selected benchmark
STD[a] =   Standard Deviation of returns on Chevron
STD[b] =   Standard Deviation of selected market or benchmark
RFR =   Risk Free Rate of return. Typically T-Bill Rate

Total Risk Alpha Comparison

Chevron Corporation is rated fourth in total risk alpha category among related companies. It is rated below average in maximum drawdown category among related companies reporting about  26.33  of Maximum Drawdown per Total Risk Alpha. The ratio of Maximum Drawdown to Total Risk Alpha for Chevron Corporation is roughly  26.33 
The benchmark portfolio represents the market risk matched to the total risk of the stock ETF, or fund.
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