EDP Renovaveis Total Risk Alpha

EDPR Stock  EUR 13.00  0.15  1.14%   
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EDP Renovaveis has current Total Risk Alpha of (0.75). 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]

 = 
(0.75)
ER[a] = Expected return on investing in EDP Renovaveis
ER[b] = Expected return on market index or selected benchmark
STD[a] =   Standard Deviation of returns on EDP Renovaveis
STD[b] = Standard Deviation of selected market or benchmark
RFR = Risk Free Rate of return. Typically T-Bill Rate

EDP Renovaveis Total Risk Alpha Peers Comparison

EDP Total Risk Alpha Relative To Other Indicators

EDP Renovaveis is rated below average in total risk alpha category among related companies. It is rated # 3 in maximum drawdown category among related companies .
The benchmark portfolio represents the market risk matched to the total risk of the stock ETF or fund.
Compare EDP Renovaveis to Peers

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