Nikola Corp Total Risk Alpha

NKLA Stock  USD 0.48  0  0.21%   
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Nikola Corp has current Total Risk Alpha of (0.29). 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]

 = 
(0.29)
ER[a] = Expected return on investing in Nikola Corp
ER[b] = Expected return on market index or selected benchmark
STD[a] =   Standard Deviation of returns on Nikola Corp
STD[b] = Standard Deviation of selected market or benchmark
RFR = Risk Free Rate of return. Typically T-Bill Rate

Nikola Corp Total Risk Alpha Peers Comparison

Nikola Total Risk Alpha Relative To Other Indicators

Nikola Corp is rated below average in total risk alpha category among its peers. It is currently under evaluation in maximum drawdown category among its peers .
The benchmark portfolio represents the market risk matched to the total risk of the stock ETF or fund.
Compare Nikola Corp to Peers

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