L3Harris Technologies Total Risk Alpha

LHX
 Stock
  

USD 241.70  3.89  1.64%   

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L3Harris Technologies has current Total Risk Alpha of 0.1626. 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] 
 = 
0.1626
ER[a] = Expected return on investing in L3Harris Technologies
ER[b] = Expected return on market index or selected benchmark
STD[a] =   Standard Deviation of returns on L3Harris Technologies
STD[b] = Standard Deviation of selected market or benchmark
RFR = Risk Free Rate of return. Typically T-Bill Rate

L3Harris Technologies Total Risk Alpha Peers Comparison

L3Harris Total Risk Alpha Relative To Other Indicators

L3Harris Technologies is rated below average in total risk alpha category among related companies. It is currently under evaluation in maximum drawdown category among related companies reporting about  40.95  of Maximum Drawdown per Total Risk Alpha. The ratio of Maximum Drawdown to Total Risk Alpha for L3Harris Technologies is roughly  40.95 
The benchmark portfolio represents the market risk matched to the total risk of the stock ETF or fund.
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