Advanced Drainage Total Risk Alpha

WMS Stock  USD 92.79  6.35  7.35%   
Advanced Drainage total-risk-alpha technical analysis lookup allows you to check this and other technical indicators for Advanced Drainage Systems 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
  
Advanced Drainage Systems has current Total Risk Alpha of (0.73). 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] 
 = 
(0.73)
ER[a] = Expected return on investing in Advanced Drainage
ER[b] = Expected return on market index or selected benchmark
STD[a] =   Standard Deviation of returns on Advanced Drainage
STD[b] = Standard Deviation of selected market or benchmark
RFR = Risk Free Rate of return. Typically T-Bill Rate

Advanced Drainage Total Risk Alpha Peers Comparison

Advanced Total Risk Alpha Relative To Other Indicators

Advanced Drainage Systems 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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