| MAGA Etf | | | USD 44.02 0.56 1.26% |
Point Bridge total-risk-alpha technical analysis lookup allows you to check this and other technical indicators for Point Bridge GOP 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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Point Bridge GOP has current Total Risk Alpha of 0.0038. 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] |
| = | 0.0038 | |
| ER[a] | = | Expected return on investing in Point Bridge |
| ER[b] | = | Expected return on market index or selected benchmark |
| STD[a] | = | Standard Deviation of returns on Point Bridge |
| STD[b] | = | Standard Deviation of selected market or benchmark |
| RFR | = | Risk Free Rate of return. Typically T-Bill Rate |
Point Bridge Total Risk Alpha Peers Comparison
Point Total Risk Alpha Relative To Other Indicators
Point Bridge GOP is regarded
third 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
819.05 of Maximum Drawdown per Total Risk Alpha. The ratio of Maximum Drawdown to Total Risk Alpha for Point Bridge GOP is roughly
819.05 The benchmark portfolio represents the market risk matched to the total risk of the stock ETF or fund.
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