Netflix Total Risk Alpha

NFLX -- USA Stock  

USD 375.13  4.35  1.15%

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Netflix has current Total Risk Alpha of 0.72. The total risk alpha measures the performance of an asset by comparing its returns with those of a selected benchmark portfolio.
Netflix 
Total Risk Alpha 
 = 
RFR + (ER[b] - ER[a]) 
x  
STD[a] / STD[b] 
 = 
0.72
ER[a] =   Expected return on investing in Netflix
ER[b] =   Expected return on market index or selected benchmark
STD[a] =   Standard Deviation of returns on Netflix
STD[b] =   Standard Deviation of selected market or benchmark
RFR =   Risk Free Rate of return. Typically T-Bill Rate

Total Risk Alpha Comparison

Netflix is rated below average in total risk alpha category among related companies. It is currently under evaluation 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.
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