Tencent Holdings Total Risk Alpha

TCTZF -  USA Stock  

USD 62.47  2.45  3.77%

Tencent Holdings total-risk-alpha technical analysis lookup allows you to check this and other technical indicators for Tencent Holdings 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 Equity Screeners to view more equity screening tools

Tencent Technical Indicator 

 
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Tencent Holdings has current Total Risk Alpha of (0.08). 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] 
 = 
(0.08)
ER[a] = Expected return on investing in Tencent Holdings
ER[b] = Expected return on market index or selected benchmark
STD[a] =   Standard Deviation of returns on Tencent Holdings
STD[b] = Standard Deviation of selected market or benchmark
RFR = Risk Free Rate of return. Typically T-Bill Rate

Tencent Holdings Total Risk Alpha Peers Comparison

Tencent Total Risk Alpha Relative To Other Indicators

Tencent Holdings is rated third 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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