| SHNY Etf | | | USD 35.75 0.17 0.47% |
Microsectors Gold total-risk-alpha technical analysis lookup allows you to check this and other technical indicators for Microsectors Gold 3x 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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Microsectors Gold 3x has current Total Risk Alpha of 0.1834. 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] |
| = | 0.1834 | |
| ER[a] | = | Expected return on investing in Microsectors Gold |
| ER[b] | = | Expected return on market index or selected benchmark |
| STD[a] | = | Standard Deviation of returns on Microsectors Gold |
| STD[b] | = | Standard Deviation of selected market or benchmark |
| RFR | = | Risk Free Rate of return. Typically T-Bill Rate |
Microsectors Gold Total Risk Alpha Peers Comparison
Microsectors Total Risk Alpha Relative To Other Indicators
Microsectors Gold 3x is rated
second largest ETF in total risk alpha as compared to similar ETFs. It is currently under evaluation in maximum drawdown as compared to similar ETFs reporting about
72.04 of Maximum Drawdown per Total Risk Alpha. The ratio of Maximum Drawdown to Total Risk Alpha for Microsectors Gold 3x is roughly
72.04 The benchmark portfolio represents the market risk matched to the total risk of the stock ETF or fund.
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