| ELMD Stock | | | USD 16.73 0.34 2.07% |
Electromed total-risk-alpha technical analysis lookup allows you to check this and other technical indicators for Electromed 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
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Electromed has current Total Risk Alpha of 0.117. 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] |
| = | 0.117 | |
| ER[a] | = | Expected return on investing in Electromed |
| ER[b] | = | Expected return on market index or selected benchmark |
| STD[a] | = | Standard Deviation of returns on Electromed |
| STD[b] | = | Standard Deviation of selected market or benchmark |
| RFR | = | Risk Free Rate of return. Typically T-Bill Rate |
Electromed Total Risk Alpha Peers Comparison
Electromed Total Risk Alpha Relative To Other Indicators
Electromed is one of the top stocks in total risk alpha category among related companies. It is currently under evaluation in maximum drawdown category among related companies reporting about
270.69 of Maximum Drawdown per Total Risk Alpha. The ratio of Maximum Drawdown to Total Risk Alpha for Electromed is roughly
270.69 The benchmark portfolio represents the market risk matched to the total risk of the stock ETF or fund.
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