Vivani Medical Total Risk Alpha

VANI Stock  USD 1.62  0.01  0.61%   
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Vivani Medical has current Total Risk Alpha of (0.16). 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]

 = 
(0.16)
ER[a] = Expected return on investing in Vivani Medical
ER[b] = Expected return on market index or selected benchmark
STD[a] =   Standard Deviation of returns on Vivani Medical
STD[b] = Standard Deviation of selected market or benchmark
RFR = Risk Free Rate of return. Typically T-Bill Rate

Vivani Medical Total Risk Alpha Peers Comparison

Vivani Total Risk Alpha Relative To Other Indicators

Vivani Medical 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 Vivani Medical to Peers

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