Algonquin Power Total Risk Alpha vs. Downside Variance

AQNA
 Stock
  

USD 24.56  0.02  0.08%   

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Algonquin Power Utilities has current Total Risk Alpha of (0.11). 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] 
 = 
(0.11)
ER[a] = Expected return on investing in Algonquin Power
ER[b] = Expected return on market index or selected benchmark
STD[a] =   Standard Deviation of returns on Algonquin Power
STD[b] = Standard Deviation of selected market or benchmark
RFR = Risk Free Rate of return. Typically T-Bill Rate

Algonquin Power Total Risk Alpha Peers Comparison

Algonquin Total Risk Alpha Relative To Other Indicators

Algonquin Power Utilities is rated below average in total risk alpha category among related companies. It is rated below average in downside variance category among related companies .
The benchmark portfolio represents the market risk matched to the total risk of the stock ETF or fund.
Compare Algonquin Power to Peers

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