Alger Weatherbie Total Risk Alpha

ALEAX
 Fund
  

USD 6.92  0.21  2.95%   

Alger Weatherbie total-risk-alpha technical analysis lookup allows you to check this and other technical indicators for Alger Weatherbie Enduring 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
  
Alger Weatherbie Enduring has current Total Risk Alpha of 0.1276. 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] 
 = 
0.1276
ER[a] = Expected return on investing in Alger Weatherbie
ER[b] = Expected return on market index or selected benchmark
STD[a] =   Standard Deviation of returns on Alger Weatherbie
STD[b] = Standard Deviation of selected market or benchmark
RFR = Risk Free Rate of return. Typically T-Bill Rate

Alger Total Risk Alpha Relative To Other Indicators

Alger Weatherbie Enduring is currently under evaluation in total risk alpha among similar funds. It is currently under evaluation in maximum drawdown among similar funds reporting about  58.94  of Maximum Drawdown per Total Risk Alpha. The ratio of Maximum Drawdown to Total Risk Alpha for Alger Weatherbie Enduring is roughly  58.94 
The benchmark portfolio represents the market risk matched to the total risk of the stock ETF or fund.
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