TuanChe ADR Total Risk Alpha

TC Stock  USD 0.52  0.02  4.00%   
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TuanChe ADR has current Total Risk Alpha of 0.2155. 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]) 
STD[a] / STD[b] 
ER[a] = Expected return on investing in TuanChe ADR
ER[b] = Expected return on market index or selected benchmark
STD[a] =   Standard Deviation of returns on TuanChe ADR
STD[b] = Standard Deviation of selected market or benchmark
RFR = Risk Free Rate of return. Typically T-Bill Rate

TuanChe ADR Total Risk Alpha Peers Comparison

TuanChe Total Risk Alpha Relative To Other Indicators

TuanChe ADR is rated third in total risk alpha category among related companies. It is currently under evaluation in maximum drawdown category among related companies reporting about  107.54  of Maximum Drawdown per Total Risk Alpha. The ratio of Maximum Drawdown to Total Risk Alpha for TuanChe ADR is roughly  107.54 
The benchmark portfolio represents the market risk matched to the total risk of the stock ETF or fund.
Compare TuanChe ADR to Peers

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